Macro-economic conundrum: Will politics take centre stage, economy backseat?
In what has been a day that the markets and anybody who has a stake in the Indian economy would want to forget, the RBI delivered a reluctant rate cut with a hawkish commentary about future rate cuts, while DMK pulled out of the UPA government. On We Mean Business, experts, Sajjid Chinoy, India eonomist at JPMorgan; Ashok Kumar Jha, former finance secretary; A K Bhattacharya, editor of the Business Standard, and RK Bansal, ED of IDBI Bank, discuss if politics will take centre stage pushing the economy to the backseat and what happens to the government's reforms momentum.
