Trends in Corporate Profitability
This article examines trends in corporate profi tability based on data contained in the Reserve Bank of India's studies. It observes that the profit margin and real return on capital employed came down...
View ArticleSixth Economic Census 2013
The provisional results of the Sixth Economic Census (2013) of establishments in the non-agricultural sector suggest that this is not a census count. A comparison with the National Sample Survey...
View ArticleTrends in Bank Deposits
Analysing trends in bank deposits between 2008 and 2012, this note argues that bank depositors by and large seemed to prefer to move their money to nationalised banks. Just like any investor,...
View ArticleRBI Balance Sheet in Recent Years
The Reserve Bank of India's latest accounts indicate that the structure of earnings has clearly shifted to domestic sources, particularly from assets. Further, the RBI has made large transfers to the...
View ArticleForeign Exchange Spending and Earning of Corporates in India
An analysis of corporate sector earnings and spending reveals that since liberalisation in the early 1990s, Indian companies have become increasingly dependent on foreign inputs, while foreign...
View ArticleRecent Trends in Inter-Sectoral Terms of Trade
Revisiting an old debate about terms of trade of agriculture vis-à-vis other sectors in the Indian economy, it is argued that the ToT of agriculture has remained favourable for a large part of the...
View ArticleNew Series of National Accounts: A Review
The new series of national accounts released by the Central Statistics Office has made a number of conceptual changes and has tapped new sources of data. This note presents a discussion of the key...
View ArticleGDP Sectoral Growth Rates
An analysis of the new 2011-12 series of National Accounts Statistics to understand the trends of GDP growth and the sector-wise break-up. Data up to the advance estimates for 2014-15 are explored. The...
View ArticleNew Estimates of Saving and Capital Formation
The new series of national accounts statistics raises the estimates of saving and investment, but it also reconfi rms the trend of a decline in domestic saving and capital formation in recent years....
View ArticleCommodity Futures Trading at the Crossroads
The Forward Markets Commission and Securities Exchange Board of India merger may provide a relatively strong regulator, but the move needs to be supplemented with better information and warehouse...
View ArticleInvestment Revival
An analysis of bank lending rates suggests that reducing the lending rate, while important, may not be as critical to reviving investment as it is made out to be. The three interest rate regimes...
View ArticlePrivate Corporate Sector in New NAS Series
Revisiting the MCA-21-based estimates of the size of the private corporate sector in the rebased National Accounts Statistics, it is argued that the use of a single blow-up factor for non-government...
View ArticleGross Value Added
To estimate gross value added for the manufacturing sector, the 2011-12 National Accounts Statistics series follows the "single deflation" instead of the "double deflation" method. In this note, it is...
View ArticlePulses: Need for Production Expansion
Pulses are an indispensable part of the Indian diet, but ever increasing prices are making them unaffordable for the poor. The persistent gap between demand and supply of pulses is only expected to...
View ArticleAre Corporates Overleveraged?
There is concern that corporations have borrowed too much, and that therefore bank balance sheets are strained as well. Contrary to this popular view, it is argued here that the company finance data of...
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