Can the Indian rupee and the economy withstand the current turmoil in the global economy?
MUST READ
Pause slide
Growth in the informal economy will continue to drive wage growth for the poor
Economic cycle won?t materially change for 2-3 years, so what we?re seeing now is just a trading rally
Most experts know little about what makes a currency strong, or weak for that matter
Short-term debt with residual maturity being two-thirds of forex reserves increases the threat
After upward adjustment for subsidies, spending may rise as much as 21% year-on-year.
If the CAD is driven by investments, you?ll have plenty of forex flows; if it?s consumption-driven, flows will soon stop.
