Pre-election giveaways seem to have started in India and are likely to be ramped up further ahead of next year's general election. Although this could cause the Finance Ministry to narrowly miss its deficit target this year, fiscal policy would still be tighter than it has been over the past couple of years. Meanwhile, the minutes of this month's MPC meeting confirm that the RBI won’t be turning its attention to policy easing anytime soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services