K. Kanagasabapathy is an independent Economic Consultant based in Mumbai, India. He is Director of the EPW Research Foundation since May 2009. He is also a Consultant to RBI history project. He was a Consulting Economist to LIC during 2010-11. During 2001-2005, he served as a Senior Advisor to Executive Director at the International Monetary Fund. He had a long stint with the Reserve Bank of India since 1977 and served as the Heads of Monetary Policy Department and Internal Debt Management Department, among various other positions. His areas of interest are Indian macro economy, money, banking, financial markets and international finance.
November 8, 2012
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Redefine priority sector lending
Priority sector lending must be reoriented to promote growth, infrastructure and employment, leaving equity to financial inclusion initiatives . »
October 25, 2012
CRR and SLR in Indian banking
CRR and SLR continue to be relevant to monetary policy practice in India even today. »
September 27, 2012
The growth-inflation conundrum
The RBI should take a chance — stimulate growth by creating easy credit and interest rate conditions, without waiting for the inflation rate to come down. »
August 30, 2012
Still driven by cash, black money
The use of cash in financial transactions continues unabated, pointing to the prevalence of the black economy at the higher end of the income spectrum and the absence of financial inclusion at the lower end.
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August 16, 2012
Give growth a chance
Managing inflation is all very well, but the RBI should address the grim reality of sagging growth. It should learn from the experience of 1988-99, when it favoured growth, assuming that inflation was a supply-side problem.
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July 19, 2012
Economy leaps, but the old limp
Economic growth seems to have benefited only the working population, leaving behind the elderly. We need concerted policy moves to provide for the needs of the growing number of old people. »
July 5, 2012
Managing gold, a policy challenge
The RBI can learn a trick or two from Turkey in order to absorb gold into the financial system, thereby turning it into a productive asset.
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June 21, 2012
Monetary policy evokes unease
The RBI has been consistent in its resolve to control inflation. However, it has been speaking in different voices, causing confusion in industry and markets. Discord between the RBI and North Block has not helped matters, either.
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June 7, 2012
In trouble, but not in a crisis
The issues at hand — lower growth, high inflation, falling rupee and BoP pressures — are serious, but can be tackled by creating a political consensus. There is no need to panic.
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May 10, 2012
Basel-III could trigger recession
It is strange that India should overstretch itself to conform to Basel III. This would affect credit availability to industry. »
