Articles by Madan Sabnavis
Feb 22, 2018
Rs 11,400 crore PNB fraud: Why privatisation is not the panacea for state-run banks' illsPrivatisation further means a change of management which does not lead either to a change in the people down the line or the systems or operating practices.
Feb 02, 2018
Budget 2018: A boost to farm sector but Arun Jaitley has only partly addressed the messThe Budget for FY19 definitely does not smell like a pre-election policy document and instead reveals a commitment to being on the Fiscal Responsibility and Budget Management (FRBM) track.
Jan 29, 2018
Economic Survey: India can leapfrog on growth in services sector, not manufacturingWhile 7.5 percent looks achievable it is more likely to be services-driven for at least two more years before investment revives.
Jan 23, 2018
Budget 2018: From disinvestment target to growth projections, here's what to watch out for on 1 FebruaryThis Budget will also be important as it will tell us not just about how the GST has panned out but also the assumptions being made for the coming year
Jan 05, 2018
Despite tepid 6.5% GDP growth, larger picture positive as govt focuses on economic reforms, ease of doing businessThe basic message from the internals of the GDP calculation shows that the main driver of the economy has been the government sector which was also evident from the higher fiscal deficit number touched of late which has also necessitated higher borrowings for the year.
Dec 29, 2017
From GDP to jobs creation: 2017 was year of unfulfilled expectations; will 2018 fare better?While the framework for business is in place and India has made progress in terms of not just improving its rank in ease of doing business as also a ratings upgrade from Moody's, we may have to wait for another year to see real improvement
Dec 28, 2017
Govt's higher borrowing of Rs 50,000 crore means there will necessarily be fiscal slippageThe alternative is to have central govt breach fiscal deficit target and borrow more from the market, which is being done now
Dec 18, 2017
Gujarat polls: Narendra Modi's victory shows BJP has left GST woes behind; but what does it mean for economy?BJP can be credited for implementing successfully a plethora of reforms in economy and there is really little left that has not been taken up with alacrity
Dec 07, 2017
RBI holds rate at 6%: Policy a firm statement of independence by MPC; growth is for govt to take care ofThe RBI will not budge on interest rates as inflation threat looms. The statement seems to be clear on this.
Nov 30, 2017
GDP at 6.3% in Jul-Sep quarter: Economy shows good signs but growth remains tricky with muted private investmentsPresently the government is the only source of investment and in case there is any cut invoked, can affect the future GDP growth scenario