Musings of a Banker on Macro Economic variables and few other things
This guide provides important perspectives on various macroeconomic variables like GDP, Inflation, Taxation. It provides a framework to help evaluate the importance and impact of policy actions in an economy. The focus is not on definitions but on inferences a banker should draw.
Fiscal Deficit and GDP: 10 year India and Global Comparative
As Governments across the world grappled with COVID, the rules of the game had to change. The prudence of balancing incentives to revive GDP vs keeping Fiscal Deficit benign, wasn’t the paradigm anymore. India’s FY21 projected Fiscal Deficit of 9.5% was historical but so was the steep dip in GDP growth of -7.7%. Its the same story across the world. We crunched the numbers over the last 10 odd years and see how the otherwise stable graphs for most of the countries see a huge blip in these time