The Progress Against Global Tax Evasion
Global tax evasion remains a challenge as per a report by EU tax observatory, an EU funded research body. The good news is that these evasions have come down significantly…
Analysing Banks’ Credit Growth and RBI’s Action
The recent move by RBI to increase the risk weight on certain categories of retail loan and bank loan to NBFCs is a pre-emptive measure to manage the buildup of…
GDP Growth Analysis – July-Sept’23 Quarter
GDP (Gross Domestic Product) of Indian economy recorded growth of 7.6% during July-Sept’23 quarter (Q2’FY24) as per the data released by NSO (National Statistical Office) today. Growth rate for first…
Indian States – Analyzing Economic & Social Performance
The economic performance of different states does not get the desired attention even though there is significant disparity among them. The mass exodus during the pandemic was a testimony to…
Bank Analysis – State Bank of India
State Bank of India (SBI), the largest bank in the country, has managed a remarkable turnaround, generating profits of over Rs 50,000 crore after making losses just a few years…
Housing Finance Companies (HFCs) – A Crisis of Identity
Housing Finance Companies (HFC) are facing an identity crisis which began with the DHFL scam a few years ago and now, the merger of HDFC Ltd, the largest housing finance…
Understanding NEER and REER
The rupee has depreciated by about 9% against the dollar since the Fed started raising interest rate in March’22. Over last ten years, it has depreciated by over 30%. However,…
Capital Accoount Flow – FDI, FPI and the Rest
India’s persistent current account deficit (CAD) is financed by the flow on capital account which forms the other part of international balance of payment. Some of the major elements of…
India’s Foreign Trade – Part II, Invisibles.
India imported merchandise goods worth $721 bn against exports of $456 bn in FY23 leading to trade deficit of $265 bn. While India faces significant merchandise trade deficit, it generated…
Analyzing India’s Foreign Trade – Part I, Merchandise.
India continues to record huge trade deficit with imports exceeding exports by a significant margin over last twenty years. Cumulative trade deficit for India stands at little less than $900…