A day after the Reserve Bank of India announced measures to boost credit demand, the largest lender, State Bank of India, reduced interest rates. Now that the two important events — the Union Budget and monetary policy review— are out the way, commentators are in a better position to gauge the possibilities for the Indian economy.
Meanwhile, voters of the National Capital Territory of Delhi will vote today to elect the next state government today.
If the seas are mostly calm, and yet the Indian economy
performs poorly, there must be something wrong with the ship of state, writes T N Ninan