India’s foreign reserves and global risk
India’s foreign exchange reserves, relative to GDP, have been on the rise. This article examines the motives behind the hoarding of reserves by central banks, and if adequate reserves are held for p...
- Chetan Ghate Kenneth Kletzer Mahima Yadav
- 12 July, 2024
- Articles
Green is good: Risk insights into Indian green stocks
While consistent financial flows towards climate resilience are crucial, there is a recent global trend of withdrawal of investment from ‘green assets’. Given the centrality of potential risk-adju...
- Gagari Chakrabarti Chitrakalpa Sen
- 26 June, 2024
- Articles
Embracing the melody of dissent: A symphony in policymaking
In recent times, members of the Monetary Policy Committee of the Reserve Bank of India, have expressed views that are contrary to the MPC’s official stance. This article investigates the influence o...
- Unninarayanan Kurup Rajendra N. Paramanik Rounak Sil
- 24 June, 2024
- Articles
RBI’s extraterritorial influence on the rupee market
The emergence of the offshore non-deliverable forward market in the rupee has made it more challenging for the RBI to maintain exchange rate stability. In this post, Datta and Sengupta explain the dri...
- Pratik Datta Rajeswari Sengupta
- 24 July, 2024
- Perspectives
India’s foreign reserves and global risk
India’s foreign exchange reserves, relative to GDP, have been on the rise. This article examines the motives behind the hoarding of reserves by central banks, and if adequate reserves are held for p...
- Chetan Ghate Kenneth Kletzer Mahima Yadav
- 12 July, 2024
- Articles
Green is good: Risk insights into Indian green stocks
While consistent financial flows towards climate resilience are crucial, there is a recent global trend of withdrawal of investment from ‘green assets’. Given the centrality of potential risk-adju...
- Gagari Chakrabarti Chitrakalpa Sen
- 26 June, 2024
- Articles
Embracing the melody of dissent: A symphony in policymaking
In recent times, members of the Monetary Policy Committee of the Reserve Bank of India, have expressed views that are contrary to the MPC’s official stance. This article investigates the influence o...
- Unninarayanan Kurup Rajendra N. Paramanik Rounak Sil
- 24 June, 2024
- Articles
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...
- Rajeswari Sengupta Harsh Vardhan
- 20 May, 2024
- Perspectives
Irrationality in financial decisions: A policy proposal
The high valuations of small- and mid-cap stocks in the Indian market seem indicative of irrational exuberance. In this context, Gurbachan Singh discusses the prevailing policy framework to deal with ...
- Gurbachan Singh
- 18 March, 2024
- Perspectives
16th Finance Commission: Towards vertical and horizontal balance
The recommendations of the recently constituted Sixteenth Finance Commission (FC16) will govern the sharing of revenues between the Union and states during 2026-2031. In this post, Ganguli and Sinha l...
- Barna Ganguli Bakshi Amit Kumar Sinha
- 13 February, 2024
- Perspectives
Emergence of a private credit market in India
The last few years have seen the growth of a private credit market in India, which offers financing to small and mid-sized firms with a relatively high default risk. In this piece, Datta and Sengupta ...
- Pratik Datta Rajeswari Sengupta
- 30 January, 2024
- Perspectives
A more focused RBI: Creating capacity to tackle ‘true’ market failure
Large, routine payments to the government by the public lead to liquidity crunch in the economy, necessitating interventions by the central bank. However, Gurbachan Singh argues that the RBI is better...
- Gurbachan Singh
- 10 January, 2024
- Perspectives
Debt markets’ response to mandatory corporate social responsibility
To examine the response of debt holders to the Mandatory Corporate Social Responsibility, this study by Jitendra Aswani looks at debt pricing for firms impacted by the Indian Companies Act 2013 and it...
- Jitendra Aswani
- 23 August, 2023
- Articles
Who holds sovereign debt and why it matters
Knowing who invests in sovereign debt and how they impact borrowing costs could help governments understand how costly it would be to raise new debt. This article constructs and analyses data on the c...
- Xiang Fang Bryan Hardy Karen K. Lewis
- 04 August, 2023
- Articles
The past and future of Indian finance
In the fourth article in the Ideas@IPF2023 series, Ruchir Agarwal describes the impact of two economic shocks – the financial crisis of 2018-20 and the Covid-19 pandemic – on the Indian financial ...
- Ruchir Agarwal
- 14 July, 2023
- Perspectives
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India’s insurance sector: Challenges and opportunities
While India’s insurance sector has been growing dynamically in recent years, its share in the global insurance market remains abysmally low. This article traces the journey of the Indian insurance s...
- Kuntala Bandyopadhyay Saon Ray Vasundhara Thakur
- 31 August, 2020
- Articles
Financial inclusion in India: Progress and prospects
Financial inclusion is globally considered as a critical indicator of development and well-being of society. In this post, Srinivasa Rao traces the financial inclusion journey in India so far, and dis...
- K. Srinivasa Rao
- 11 July, 2018
- 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...
- Rajeswari Sengupta Harsh Vardhan
- 15 November, 2021
- Perspectives