Whalesbook
Kya hai poori kahani?
Basically, Poonam Gupta ji ne kaha hai ki India ki economy mein dum hai ki woh 7.5% se bhi upar grow kare, aur inflation 4% ke aas paas rahe. Ye sab kaise possible hai? Iska main reason hai apna super strong balance of payments. Dekho na, hamare paas consistent remittances aa rahe hain, services exports mast chal rahe hain, aur FDI inflows bhi tagde hain. Ye sab milkar global turbulence se bachate hain.
Balance of Payments itna strong kyun?
Gupta ji ne explain kiya ki ye strength koi temporary cheez nahi hai. Remittances, net services exports, aur FDI inflows aise pillars hain jo global shocks ko easily handle kar sakte hain. Haalanki, portfolio flows mein thodi kami aayi thi, but balance of payments ke doosre hisse ne usko compensate kar diya. Matlab, overall situation stable hai.
Monetary Policy ka magic?
Abhi log pooch rahe the ki RBI ki interest rate changes sab tak pahunch rahi hain ya nahi. To Gupta ji ne data dikha kar kaha ki current monetary policy transmission, purane rate cut periods se bhi zyada effective hai. Short-term rates toh ekdum match kar rahe hain, medium-term bhi acche se respond kar rahe hain. Bas long-term rates thoda global trends aur inflation outlook se affect hote hain, jo RBI ke control se bahar hai.
Inflation measurement mein changes ka suggestion
Gupta ji ne ek aur important point uthaya - inflation ko measure karne ke liye jo goods aur services ka basket use hota hai, usko zyada frequent update karna chahiye. Currently, yeh 12 saal mein ek baar hota hai, unka suggestion hai ki ise badha kar 3 se 5 saal kar dena chahiye. Isse inflation control strategy aur sharp ho jayegi, specially jab consumer habits badal rahi hain.
Public ki kya rai hai?
RBI ne public se bhi input manga tha inflation target ke bare mein. Majority logo ne kaha ki headline CPI ko hi inflation target rakha jaye, 4% inflation rate sahi hai, aur +/- 2% ka tolerance band bhi theek hai. Matlab, public bhi RBI ke efforts ke saath hai.