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Contributor : Profile

Name Surname

Harsh Vardhan

Management Consultant and Researcher
harshv89@yahoo.com

Dr Harsh Vardhan is a management consultant and researcher based in Mumbai.

Posts by Harsh Vardhan

भारतीय कॉर्पोरेट बॉन्ड बाज़ार में अंतर्निहित सरकारी गारंटी

पिछले एक दशक में भारत के कॉर्पोरेट बॉन्ड बाज़ार में सकल निर्गमों यानी इशुएन्सेज़ का मूल्य 150% बढ़ा है। प्रबंधन सलाहकार एवं आर्थिक शोधकर्ता हर्ष वर्धन का तर्क है कि हालांकि बाज़ार बड़ा हो गया है, इसे औ...

  • दृष्टिकोण

The State within India’s corporate bond market

The value of gross issuances in India’s corporate bond market has grown by 150% over the past decade. In this post, Harsh Vardhan contends that while the market has become bigger, reforms are needed...

  • Perspectives

Financing the climate transition of India’s power sector

A cornerstone of India’s climate transition plan is to shift towards a high-efficiency, low-emission power sector. In this post, Vardhan and Tilotia outline the investment and financing challenges a...

  • Perspectives

The silent reshaping of India’s credit landscape

India’s credit landscape has been undergoing major changes in recent years. In this post, Sengupta and Vardhan discuss five key trends – consumerisation of bank credit, decline in bank deposits, g...

  • Perspectives

The post-pandemic credit landscape in India

The economic shock caused by the Covid-19 pandemic and longstanding structural issues like the NPA crisis with its associated risk aversion in the banking sector resulted in low bank credit growth in...

  • Articles

एमएसएमई को जमानती (कोलेटरल) ऋण दिए जाने से जुड़ा कम उत्पादकता जाल

महामारी के दौरान एमएसएमई को दिए गए बैंक ऋण की हिस्सेदारी में वृद्धि हुई है। इस लेख में, हर्ष वर्धन ने इस वृद्धि के संभावित चालक के रूप में बैंक ऋणों की सरकारी गारंटी के बारे में चर्चा की है। वह जमानती...

  • लेख

The low productivity trap of collateralised lending for MSMEs

The share of bank credit extended to MSMEs increased dramatically during the pan-demic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this gr...

  • Perspectives

Thinking about financial sector reforms in India

A key element of the economy that needs to function well in order to facilitate India’s strong and sustained recovery from the pandemic is the financial system. In this post, Sengupta and Vardhan d...

  • Perspectives

‘Consumerisation’ of banking in India: Cyclical or structural?

Over the past decade, India’s banking sector has undergone a transformation in terms of the proportion of credit extended to consumers and industry – with consumer credit now accounting for a larg...

  • Perspectives

A decade of credit collapse in India

The government and the Central Bank have undertaken various measures to protect the banking and finance sector from the adverse impact of the Covid-19 crisis. However, despite historically low interes...

  • Perspectives

Of twists and turns: Monetary policy and ‘term premium’

As India’s economic growth slowed down in recent years, the reliance on monetary policy to stimulate growth increased significantly – especially during the pandemic. Analysing data from 2018-2020,...

  • Perspectives

Covid-19 crisis: Response should not undermine institutions

The unprecedented economic crisis triggered by the Covid-19 pandemic has resulted in calls for drastic actions on part of the government and RBI. In this post, Sengupta and Vardhan content that these ...

  • Perspectives