While growth in India is largely domestic and hence the overall GDP effect may not be more than 0.15-0.2%, but overall trade will be impacted due to every country going back to the drawing board, points out Madan Sabnavis.
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
The economy has shown sharp resilience in the past and has also bounced back in good time. We could hence expect a similar trajectory next year, observes Madan Sabnavis, chief economist, CARE Ratings.
'We will have to wait for one more year to cross the 7% mark, which should be possible in the absence of any disruptive reform,' points out CARE Ratings Chief Economist Madan Sabnavis.
The overall rank has been propped by the third criteria of innovation and sophistication, which have ranks of 59 and 57 respectively.
Evidently, the economy has come out of the low growth phase in the past two years and it does appear the economy will continue to remain in the plus-five per cent range.
States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer.
While RBI is right to worry about the share of outstanding ECBs in our reserves, firms need these to finance investment -- some prudent limits need to be set, says Madan Sabnavis.
One feature that stands out is that there has not been much of a difference between general and core inflation in the Indian context
Thanks to the ban on four commodities, trading volumes are down to a trickle.
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