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Ila Patnaik

Ila Patnaik

Understatement is not a virtue

The UPA government has been claiming that it has done well on fiscal consolidation.

Home is where the dollar goes

Indians living abroad send dollars into India in two ways. One, through NRI deposits...

Bankers without borders

RBI has still to wake up to the reality of financial globalisation

How to be ordinary

Today RBI will address the short term problem. Question for long term: How to design monetary policy to stabilise the economy?
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And we all fall down?

Several markets, including India’s, have plunged amid fears about the US economy. ILA PATNAIK tracks the current crisis and its implications for India

Cut interest rates now

The latest data for industrial production shows a slowdown in growth.

Do capital controls work?

India has witnessed a capital surge in recent months. Even though there was a reversal...

Modi(fied) state

Drawing on a wide range of parameters from the CMIE databases, it is possible...

RBI must do a Fed

Earlier this week, the US Federal Reserve Bank cut the Fed’s benchmark interest rate for the third time since September.

Oiling the economy

As the price of crude oil inches towards $100 a barrel, a Group of Ministers will debate whether India should raise domestic petroleum prices.

Aam aadmi in the hotseat

Is inflation now comfortably under control? Recent media headlines say that there has been a sharp drop in the inflation...

Surge and the rupee

The US Federal Reserve decided to cut interest rates once again in its meeting this week. Last month, when the Fed cut...

This fuss about credit policy

The monetary policy announcement for the coming quarter will take place amid great confusion about what the RBI is trying to achieve.

Dangers of a one-way bet

The RBI has been buying large amounts of dollars in the foreign exchange market in order to prevent rupee appreciation.

Go with the flow

Stock markets responded sharply to a SEBI proposal to restrict foreign capital flows in Indian equity markets...

Figure of nine

If and when the US economy goes into recession, what will be the impact on India? ILA PATNAIK argues 2 per cent of India’s GDP will be directly affec

The not so good news on inflation

Inflation, now at just above three per cent, seems well under control. Why, then, is the consumer not cheerful still? Ila Patnaik looks at the data an

Fed in or fade out

Brokers are upbeat about US’s interest rate cut. Economists are not. Why? And who’s right?

Haryana Hurricane

Which states in India are attracting the most investment? How are the breakaway BIMARU states doing financially?

What’s rupee got to do with it?

Is there a slowdown in export growth? Is there a significant relationship between exports and the exchange rate? Ila Patnaik mines the data and

Taxing times, good times

Tax collections have registered a remarkable growth in recent years. There is a marked increase in the corporate tax to GDP ratio. ILA PATNAIK sums up

The Fear Index

The last four weeks have seen very sharp movements in stock prices around the world.

Subprime mindset

Wrong lesson from loan troubles in US: capitalism is risky. Right lesson: financial innovation helps the poor

Dollar doldrums

RBI’s avoiding the big monetary issue: cost of keeping rupee weak. So government must step in

How’s your risk appetite today?

Indian stock markets have fallen sharply in recent days in line with volatile global markets. The source of trouble this time is news from the US hous
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