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Posts by Rajeswari Sengupta

Studying revisions in Indian GDP data

The GDP numbers for a given year undergo a sequence of revisions based on data availability. The periodic revisions are meant to reveal the true picture of the economy, and affect macroeconomic forec...

  • Articles

GDP conundrum: Is India booming?

Rajeswari Sengupta, Assistant Professor at IGIDR, points out that the methodology used for the new GDP series seems to be underestimating the GDP deflator, which in turn is causing real growth to be o...

  • Perspectives

A macro view of India’s currency ban

The recent ban on high-value currency notes has taken the country by storm. While much is being written about the pros and cons of this announcement in terms of the effect on black money, logistical c...

  • Perspectives

Inflation targeting: A long way to go

The Finance Bill, 2016, amended the Reserve Bank of India (RBI) Act, 1934, to define inflation targeting as the primary objective of the central bank. In this article, Rajeswari Sengupta, Assistant P...

  • Perspectives

The nuances of inflation targeting in India

How prepared is India for inflation targeting? This column suggests that the larger weight assigned by the RBI to tackling inflation over the years, relative to other policy objectives such as stabil...

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Corporate debt market in India: Issues and challenges

While it is true that the Indian corporate debt market has transformed itself into a much more vibrant trading field for debt instruments from the elementary market that it was about a decade ago, th...

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Exchange rate movements and Indian firms' exports

Understanding the effects of exchange-rate changes on a country’s trade balance calls for an analysis of how exchange-rate fluctuations affect the decisions of individual firms. This column explore...

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The challenges of opening up India's capital account

A key objective for any open economy is to avoid a financial or balance of payments crisis – a goal that often calls for trade-offs between liberalisation and maintaining control of the economy. Th...

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Understanding India's monetary policy

From the outside looking in, it may seem that India’s central bank is making up its own rules, making it difficult to predict the next movements in the interest rate. This column argues that the cen...

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