AGAshima Goyal

1. Article · Sep 1, 2026 · Ashima Goyal

   Middle class mobility vs the K-shaped ghost (opens the original)

   Excerpt · English

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   After a sterling performance in the post-pandemic period, India went through a cyclical slowdown in 2024 and then a series of external shocks originating in US policy. Whenever the economy faces some issues, analysis that sees serious internal flaws as holding the economy back resurfaces and gains attention. Continual outperformance does discredit opportunistic analysis. Even so, let us examine the K-shaped ghost that keeps popping up. When the fall in poverty could not be disputed any longer, c

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2. Article · Aug 4, 2026 · Ashima Goyal

   Monetary policy: Responding to the times (opens the original)

   Excerpt · Neutral tone · English

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   There is an impressive consensus among economists and analysts for the Monetary Policy Committee (MPC) to give a pause in repo rates. Normally, in an emerging market (EM) under pressure from global volatility, with headline inflation crossing the inflation target, there should be calls to raise rates! Putting core forecasts in the public domain may have helped moderate analysts’ inflation expectations. June headline inflation came in at 4.4 per cent but core core inflation was only 2.5 per cent,

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