RBI followed a highly unfortunate exchange policy: Arvind Subramanian
Former Chief Economic Advisor Arvind Subramanian on Monday said while a part of India’s slowdown was cyclical, the Reserve Bank of India ’s policies too had contributed to it. “For about two-and-a-half years till January 2025, RBI followed a highly unfortunate exchange rate policy. And sadly it went unnoticed below the radar screen,” he said at a panel discussion on the State of Economy and Union Budget 2025-2026 organised by the Madras Institute of Development Studies in association with Malcolm and Elizabeth Adiseshiah Trust. On the income tax cuts, Mr. Subramanian said income taxes as a redistribution tool comes much later in the development process, only after the State has provided essential goods and services that everyone benefits from.
Discover Related
Mint Primer: Why are PE investments in real estate falling in India?
RBI’s monetary policy has clearly pivoted but it faces a hazy path ahead
RBI’s monetary policy: navigating for growth in choppy waters
RBI Likely To Implement More Rate Cuts This Fiscal, Say Global Brokerages
RBI Policy: Domestic growth takes priority amid global uncertainties
RBI to tighten issuance of gold loans with comprehensive regulation
Markets decline in early trade tracking weak Asian peers
Is The Market Setting Up For Something Big - Are You Watching Closely?
FirstUp: Will RBI cut interest rates? The big news today
RBI's rate cut to cushion economy amidst global turmoil, says India Inc
Sensex, Nifty open lower as RBI policy and global cues weigh on investors
RBI cuts repo rate by 25 bps, pegs FY26 GDP growth at 6.5% and inflation at 4%
Stock markets continue to swing wildly: Should mutual fund investors worry? Experts say this
RBI prepares for Trump tariff fallout with liquidity moves
Rupee sees its worst fall in 3 months as Trump tariffs spark global stock rout
Risk revision: We can expect RBI to walk its accommodative talk
Why RBI gave banks a knuckle rap for their misaligned retail focus
IndusInd Bank Crisis Exposes Risks of India’s Private Banking Model
D-Street stumbles as fresh tariff fear feeds into slowdown woes
GN Bajpai: Sebi should review market infrastructure institutions