EGROW webinar by Col(Dr) Mohinder Pal Singh
ASSOCHAM & EGROW 15th SMPC on Apr 3, 2021
- The rise in COVID cases has been exponential as compared to last year. Normalcy may take longer than expected.
- Private investment was down and more public investment did not take place as expected.
- Funding fiscal deficit will be a major challenge
- GST collection has been in record high which is good sign during this pandemic.
- The quantum of liquidity should remain unchanged.
- The MPC has to strike a balance between elevated core inflation and headwinds for growth emerging from the second wave of the pandemic.
- The RBI and the Government should consider pausing/suspending Inflation Targeting for a year and focus exclusively on growth and investment - 1 member.
- RBI should keep Interest rate low to help in government huge borrowing plan.
Recommendation of EGROW Shadow MPC
Members of EGROW SMPC - 5
Accommodative - 5 members
Repo Rate -
Retain at 4 percent - 4 members
Reduce by 25 bp
Non Members - 3
Stance - Accommodative - 3
Repo Rare- Retain - 3
EGROW Webinar by Surjit Bhalla
EGROW Webinar by Chetan Ghate
ASSOCHAM & EGROW 14th SMPC on Feb 2, 2021
From Bureaucratic Socialism to Modern Welfare State
Competitive India 2030
Past papers of EGROW Researchers
Arvind Virmani … Economics papers … Investment: Corporate India and Households (September 2017) Deceleration, Demonetization and GST: Growth Prospects and Policy Solutions (September 2017) Fall and Rise of India (October 2013) A New Regional Doctorine for India (April 2013) Under Nourishment in Children: Causes of Inter country variation (October 2012) Building a New Global Financial Institution…
Future of Indian Banking from Public Policy Perspective
Download the paper in pdf … Abstract … Technology and social control on banks has helped in achieving a high degree of financial inclusion but the contribution of banks in channelizing financial savings to productive sectors has been sub-optimal due to large public sector debt and decline in financial savings in an increasingly consumption-driven economy. Desktop analysis of the annual reports of…
Policy for Post-Lockdown Indian EconomyArvind Virmani
Download the paper in pdf … The Indian economy is during Q2 and Q3 of 2020-21, in the transition from Lockdown to Normalization. Starting around March 21, 2020 the Indian Govt imposed one of the most comprehensive lockdowns, w imposed anywhere in the world. Only essential goods and services, constituting an estimated 40% of GDP and 55% of employment were exempt from the lockdown [Virmani and…
Board of Directors
Mohinder Pal Singh
11-Mar-2021 Charan Singh