C P Chandrasekhar & Jayati Ghosh

Although the rupee has stabilised after a steep fall, it remains under pressure from multiple sources. Depreciation currently brings many costs in lieu of few benefits

As the Centre cuts back on its expenditure, State governments have been undertaking the bulk of public spending which spurred economic activity in the recent years

A spike in residents’ outward remittances, along with a change in their composition, suggests that India is now prone to ‘capital flight’ when economic conditions turn adverse

Although there were structural issues before November 2016, demonetisation and its aftermath further added to the problems of Indian banking in the medium term

Since implementation, the Goods and Services Tax appears to have reduced the resource-generating capacity of States and has contributed to worsening inter-State inequality

The increasing importance of private bond holders in such debt, even as capital flows to the region turn more volatile, is cause for concern

Providing public employment is the responsibility of a functioning government; but current numbers show a decline across all aspects, raising doubts on strategy

New flow-of-funds data point not to a change in financing pattern of the corporate sector but to the depressed investment environment in the economy

As governments across the globe struggle to restore their growth rates, a new spectre has come to haunt many of them: Unsustainable debt