Articles by Madan Sabnavis
May 24, 2019
Narendra Modi's second term in office: From job creation, tax rates to agrarian crisis, to-do list for next five years is readyThe Narendra Modi government should work on getting state finances in order
May 10, 2019
IIP contracts after 21-months gap: What does disappointing factory output means for economyThe IIP growth numbers for March 2019 and FY19 are more than disappointing. This information comes at a time when there are not too many encouraging signals at the ground level
May 09, 2019
NSSO report: GDP data was bound to be questioned due to methodological issues; it's time CSO redefines sampleAs other variables like employment, tax collections etc. are linked with GDP numbers, the data set will always be examined more than closely for faults
May 06, 2019
Drop in income tax e-filers: Gains accrued from GST, demonetisation not enough, need to increase employment opportunitiesDemonetisation and GST were two schemes that were brought in by the government ostensibly to bring out black money and get everyone into the tax fold.
Apr 25, 2019
US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisisHigher oil prices would cause reworking of our economic indicators and policy. Higher prices will immediately impact our trade deficit as the value of imports increases.
Apr 15, 2019
Monsoon forecast: Will IMD’s prediction of near normal rainfall be good enough to instil optimism in country?We have seen in the past that delayed monsoon has implications for the crops as sowing is dependent on the arrival of the rains.
Apr 08, 2019
BJP manifesto: Continuity for sure, but some goals are aspirational; where will the money come from?The BJP manifesto promises continuity which is assuring as there will be more of the same with certain toppings directed to the poorer sections.
Apr 04, 2019
Reserve Bank cuts repo by 25 bps: MPC's rate cut bonanza isn't over yet; expect more moves to spur the economyLowering of the repo rate by the RBI has to get transmitted and for this to happen, deposit rates should be lowered so that the MCLR comes down
Apr 02, 2019
Congress election manifesto: Several poll promises will meet implementation hurdles; strict follow-up action key to success of schemesThe manifesto also talks about more public sector bank mergers which will depend a lot on how the Bank of Baroda-Dena-Vijaya Bank alliance works out as there will be several lessons to be learnt.
Apr 01, 2019
Replacing NITI Aayog with Planning Commission will not serve any purpose, both add very little valueIf one looks at the web site of the NITI Aayog and counts the number in the directory, it is well over 500 with various classes of employees including support staff.