RaboResearch - Economic Research

2 Publications

Economic Report

India’s fiscal path remains slippery after Modi's BJP win

India’s consistent budget deficits are expected to continue over the coming years under a BJP-led government in the second term. Fiscal consolidation is needed to lower elevated debt levels as India’s weak fiscal position is a major macroeconomic challenge.

Sophie Borra
Hugo Erken
Raphie Hayat

Economic Report

Is India slipping back into bad habits?

The Reserve Bank of India (RBI) has increased its monetary tap to meet government funding needs. Although the magnitude is nowhere near bad practices around the globe, the option of debt monetization remains tempting, whereas the Indian government should implement reforms instead.

Hugo Erken
Sophie Borra