How Effective Is Monetary Policy in Controlling Inflation?
CPI (consumer price index) based inflation declined from a peak of 7.8% in April’22, when MPC started raising rates, to 4.3% by May’23. However, it kept moving erratically, rising again…
Analyzing India’s Financial Sector Interconnectedness
Financial structure of a country is a network of institutions such as Banks, NBFCs, HFCs, Insurance companies, mutual funds and so on. All of these are connected to each other…
Analyzing Corporate Bond Market
Corporate bond market in India has come out of the uncertainties arising due to defaults a few years ago. However, the full potential can be tapped only when sufficient incentives…
Structure of Banking Sector in India. Part III – Cooperative Banks
Cooperative banks form the third pillar of India’s banking structure. These are further classified as urban cooperative banks (UCBs) and Rural co-operative banks (RCBs). Both urban and rural cooperatives play…
Structure of Banking Sector in India. Part II – NBFCs
NBFIs (non-banking financial institutions) form the second pillar of banking structure. They are further grouped into Non-Banking Finance Companies (NBFCs), All India Finance institutions (AIFIs) and Primary Dealers (PDs). Read…
Structure of Banking Sector in India. Part I – SCBs (Scheduled Commercial Banks)
India’s banking sector is built around three pillars – Scheduled Commercial Banks (SCBs), non-banking financial institutions (NBFI) and Co-operative Banks (CBs). Each pillar is sub-divided into a large number of…
Semiconductor Industry & India’s Efforts to Get a Foothold
Indian government has been taking several measurs to help build an ecosystem for semiconductor manufacturing in the country. The $10 bn worth of production linked incentives (PLI), first announced in…
Capital Account Flow – FDI, FII 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…