Madan Sabnavis

@madan_sabnavis
Madan Sabnavis is chief economist, CARE Ratings. Views are personal.

Stories By Madan Sabnavis

The 'Atmanirbhar' package announced in three tranches, over seven months was a success.

Govt has executed a satisfactory balancing act, tackling pandemic without jeopardising fiscal prudence, says Madan Sabnavis

However, the dispute over the farm laws will be carried forward into the New Year, as the farmers are unwilling to relent and the Governm...Read More

There's no merit in blacklisting 
corporates wanting to start banks

There's no merit in blacklisting corporates wanting to start banks

While there have been instances of connected lending to undeserving clients, this holds true even for PSBs and non-owner driven private b...Read More

Is the low interest rate cycle over?

Is the low interest rate cycle over?

It does look like there will be no more repo rate cuts this year

Can we expect fiscal stimulus, Round 2?

Can we expect fiscal stimulus, Round 2?

With five months left in the financial year, it looks unlikely that there will be any big bang incentives

Most professionals find their 
voice after demitting office

Most professionals find their voice after demitting office

They don’t sign off on a positive note, as they highlight the fact that unions don’t want things to change, bankers are happy with the st...Read More

Can anything be done to save the economy?

Can anything be done to save the economy?

The option is to go in for some extraordinary spending, by expanding the fiscal deficit

Atmanirbhar Bharat: Economic goals to be linked with social aspirations

Atmanirbhar Bharat: Economic goals to be linked with social aspirations

The idea is to make India strong economically and socially

Government and RBI should revisit all bank charges on deposits

Government and RBI should revisit all bank charges on deposits

Banking policies are biased heavily towards the borrowers, neglecting interests of savers

Here's why this is the right time to support agriculture

Here's why this is the right time to support agriculture

While it is tempting to think of post-harvest and festival season starting September to be probably the turning point in the economy wher...Read More

Disinfection of our surroundings must now become part of our daily regime.

Lockdown 4.0: Here's a proposed map for the state government to reopen Mumbai

Risk of infection remains and its spread cannot be contained but one has to learn to live in a new environment.

Living with the virus: Not just liquor, open non-essential stores to generate revenue

Living with the virus: Not just liquor, open non-essential stores to generate revenue

The 7-week lockdown to flatten the curve has been a conjecture at best. Equipped with a dwindling revenue to spend on relief, State gover...Read More

From low GDP to foreign trade, 10 economic damages that India needs to fix after normalcy resumes

From low GDP to foreign trade, 10 economic damages that India needs to fix after normalcy resumes

It would take at least 3-6 months for any semblance of normalcy to return

RBI

LTRO, the new flavour of RBI

The long term repo operation called LTRO is quite a fascinating tool that has entered the monetary arena. The latest monetary policy intr...Read More

Budget 2020: Spelling reforms for the financial sector

Budget 2020: Spelling reforms for the financial sector

Given the importance of the financial sector in bringing about growth in the economy, the Budget has addressed some critical concerns tho...Read More

Fiscal implications of GDP forecast

Fiscal implications of GDP forecast

This number is however significant as it does show that besides agriculture, where the growth rate is almost the same as last year and th...Read More

Fiscal implications of GDP forecast

Fiscal implications of GDP forecast

With the Budget around the corner the focus will be directed here since it will set the tone for the next fiscal.

Collections hit by slow consumption growth

Collections hit by slow consumption growth

Two years on, GST has not had the desired effect, yet

Putting the FM speech in perspective

Putting the FM speech in perspective

Speeches in Parliament are meant to be political in nature as they normally involve debates which address the opposition. Hence the FM’s ...Read More

Prime Minister of India Narendra Modi

Economy can’t handle more slips

All data points indicate that there is a distinct slowdown in the economy. The negative growth rate in the core sector at 5.2% in Septemb...Read More

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