Publications : All
Topic
Ensuring the Credibility of India’s GDP Estimates
Two pressing issues have reignited the debate about the credibility of India’s GDP growth rate.Trade: A Call to Action for Rapid Growth
For India to attain high-income status by 2047, it must urgently prioritise trade as the primary driver for achieving accelerated growth.Commodity Prices and the Twin Balance Sheet Crisis
Abhishek Kumar and Divya Srinivasan use data from India (the second-largest steel producer in the world) to estimate the effect of large movements in metal prices during 2011-16.Bad debts of 2011-2016 could partly be pinned on a metal price crash
A majority of the firms responsible for defaulted loans between 2017-2020 constituted iron and steel businesses.Non-Performing Assets: Dented by Iron and Steel
The large decline in metal prices during 2014-16, predominantly driven by Chinese imports, made domestic firms in the metals sector uncompetitive. A decline in profitability affected the loan repayment capacity of many firms in the metals sector and they defaulted, creating non-performing assets (NPAs) for banks.A Buffer Against Banking Stress
It is advisable for banks to build a counter-cyclical commodity price buffer during upswings in commodity prices which can be used during periods of downswings.Why NPAs Are Not Just About Bank Governance
Probing the links between twin balance sheet crisis and external commodity shocks could lead to a better understanding of the problem.Commodity Price Shocks and Non-Performing Assets in the Indian Banking...
Abhishek Kumar, Rakesh Mohan and Divya Srinivasan show that nonperforming assets in the banking sector and profit ratios in commodity-sensitive non-financial sectors are highly correlated with global commodity prices.The key to economic recovery that will spur private investment to pick up
Infrastructure created through programmes such as PM Gati Shakti and the production-linked incentive scheme will allow private investment to pick up gradually, write Ayush Khare, Divya Srinivasan and Rishita Sachdeva in The Economic Times.How US Demand Helped Expand Labour-intensive Manufacturing
Understanding the US-India trade composition is also important, as the US is the only big trading partner with which we have a trade surplus, says Abhishek Kumar and Divya Srinivasan.FTA with the UK can Weave Magic
An FTA with the UK can help recover ground lost to Bangladesh on textile exports because of its LDC status, say Abhishek Kumar and Divya Srinivasan.Enough of the Old ‘Level Playing Field’ Argument. Reduce Trade...
Data from the IMF's October 2021 World Economic Outlook reveals that India's real exports growth moves in tandem with the growth in global real exports. Consequently, the steep decline in India's export growth since 2018 onwards is mirrored by a decline in global export growth in general.