India’s real GDP fell to a two-year low of 5.4 percent in the July-September quarter of the current fiscal year. The slowdown was mainly due to weak output growth and muted investment, including government capital expenditure. Bharat Inc’s performance in the July-September quarter remained weak. There has been some increase in rural consumption while urban consumption has decreased.
Will the economy accelerate in the second half of the current financial year? How will the evolving geopolitical situation affect domestic growth? Are we soon going to see a resurgence in India Inc.’s Animal Spirit?
As inflation remains a concern, the October print hit a 14-month high of 6.21 percent. However, consumer price inflation (CPI) fell to a three-month low of 5.48 percent, helped by the decline in food inflation. Is the softening trend in retail inflation likely to continue?
At a time when growth is slow and inflation remains high, what will be the Reserve Bank of India’s (RBI) priorities? How will RBI strike a balance between growth and inflation? When will RBI start easing interest rates?
The Indian rupee has been on a downward spiral amid a strong dollar and an exit from foreign portfolio investors (FPIs). How much of a concern is the devaluation of the rupee?
Some of these questions are explained in the latest session of Express to answer and give more insight. Live on “Where is the Economy Going”, The Indian Express invites Madan Sabnavis, Chief Economist, Bank of Baroda.
He will be in conversation with Hitesh Vyas, Assistant Editor of The Indian Express.
Sabnavis is an accomplished economist, columnist and author of four best-selling books. He has over 30 years of experience in development banking, commercial banking, engineering, commodity exchange and credit ratings. He has published more than 2,500 articles in financial publications.
Explained.Live is a unique series of explainer talks hosted by The Indian Express from time to time.
Expert guests on explanations. The live sessions included former Indian Ambassador to China Gautam Bambawale, former Foreign Secretary Shyam Sharan, former Indian High Commissioner to Bangladesh Pinak Ranjan Chakraborty, former Indian Ambassador to Russia DB Venkatesh Verma, former Foreign Secretary and Indian Ambassador to China. Vijay Gokhale, former Deputy NSA Pankaj Sharan, former Indian Ambassador to UAE Navdeep Suri, former Indian High Commissioner to Pakistan TCA Raghavan, former G20 Sous Sherpa JS Mukul, IIT-Delhi Director Ramgopal Rao, Kerala Health Minister KK Sailaja, Public Health Foundation of India Chairman Dr. K Srinath Reddy, Industrialist Naushad Forbes, Capital Market Expert Nilesh Shah, Medical Scientist Dr. Gagandeep Kang and Mahesh Vyas, MD and CEO of the Center for Monitoring Indian Economy among others.
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