IMA Analysis

Browse through IMA India’s extensive library of research-based papers, conclusions papers, monthly and quarterly updates, and opinion pieces on the macro-economy, politics and policy-making, geo-politics, and business strategy and operations

  • Debt and Growth June 2020

    Thursday June 25, 2020

    In the current environment, the public debt to GDP ratio is a factor that needs to be closely watched. Beyond certain thresholds, it has the potential to threaten economic growth and, by extension, consumption
  • US Elections June 2020

    Thursday June 25, 2020

    The popular belief favours a victory for the Democrats at this time. But there are six months still to go and four critical issues will ultimately determine which way the penny will drop.
  • Quandary of Conflicting Interests

    Thursday June 25, 2020

    The violent engagement between Indian and Chinese security forces at the Ladakh border has now crossed the levels of what can be passed off as a routine skirmish.
  • Perpetual Bonds

    Wednesday June 10, 2020

    Perpetual Bonds, carry no tenor and are never repaid. This one feature sets them apart from the others in more ways than may be immediately apparent. At a time like this, they can be a valuable addition to the
  • A Balance Sheet Crisis May 2020

    Monday June 1, 2020

    Any economy comprises of four actors and the strength of their balance sheets ultimately determines aggregate economic performance. However, in India’s case all four were under stress when Covid-19 hit, and t
  • Environment May 2020

    Monday June 1, 2020

    The lockdown, while unfortunate from many perspectives, has benefited the environment in ways never seen before. Whilst the current gains may turn out to be short-lived, they do point to the urgent need to reki
  • Border Tensions May 2020

    Monday June 1, 2020

    China’s recent move to station thousands of troops close to this border and, in fact, to transgress into Indian territory is therefore a worrisome development. Its aggression, and India’s response to it, wi
  • Ratings Downgrade

    Monday June 1, 2020

    The muted reaction of the stock market to the recent ratings downgrade announced by Moody’s suggests that the move was largely expected. India’s fiscal and growth indicators have been worsening and with the
  • China Supply Chain May 2020

    Monday June 1, 2020

    China’s rise as the world’s manufacturing centre came at the expense of hundreds of thousands of local businesses across the world that were unable to compete with the terms of trade established by the Midd
  • The Life After

    Saturday May 2, 2020

    As the nation grapples with an extended lockdown, some aspects of the future business reality are becoming clearer. Certain changes in behaviour, operations, and indeed societal perceptions are here to stay.
  • A Less Liberal World

    Saturday May 2, 2020

    The Covid-19 pandemic has hastened nationalism with many countries hunkering down to protect their own, promptly discarding their own ideals of a borderless world based on economic and social cohesion.
  • Work Customs- April 2020

    Saturday May 2, 2020

    The current lockdown has abruptly ended this practice and replaced it with a virtual one. Human nature is already adapting.
  • The Sweet Spot for D&I

    Thursday February 27, 2020

    One might believe that the focus on diversity and inclusion in a corporate workplace environment would be better practiced amongst multinational corporations belonging to advanced countries
  • Creation of Wealth February 2020

    Thursday February 27, 2020

    The socialist mindset India has grown up with remains an insidious force that has influenced policy making since the time of independence.
  • Coronavirus February 2020

    Thursday February 27, 2020

    The Coronavirus infection is now approaching worrisome proportions globally. While China was the initial epicentre of the virus, its influence has spread quite dramatically and three other countries have declar
  • Deficit Risks

    Friday October 4, 2019

    Most economic indicators are measured as a percentage of GDP, which makes it possible to properly compare them across countries and over time.
  • Economy and Markets

    Tuesday September 24, 2019

    When the markets went into a tizzy following the presentation of the budget earlier in the year, Finance Minister Nirmala Sitharaman put up a brave face. She shrugged off the hullabaloo, gracefully clarifying t
  • Finance Function Budget July 2019

    Wednesday July 24, 2019

    Finance can bolster organisational performance by strengthening monitoring and forecasting, risk management and ensuring transparency and control.
  • The Credit Dilemma

    Wednesday July 24, 2019

    With their books now under close scrutiny, following the IL&FS default last year, NBFCs are unable to source funds and consequently to lend.
  • Artificial Intelligence in Brand Strategy

    Monday January 21, 2019

    The tools of artificial intelligence (AI) are evolving rapidly and, in several aspects, have begun to surpass humans.
  • A Mixed Picture

    Monday November 5, 2018

    For now, world growth is strong, led by a resurgent America. However, the upward cycle may begin to turn with a host of risks starting to play out.
  • The Employment Conundrum.

    Wednesday October 24, 2018

    In recent months, there has been considerable debate over the issues of 'jobless growth’ and ‘rising unemployment' which seem to originate
  • Depression at Work

    Wednesday October 24, 2018

    Physical and emotional stress within the corporate workplace has become increasingly common. Although recognition of the phenomenon is growing the fact remains that employees often hesitate to report such sympt
  • Currency Turmoil

    Friday August 31, 2018

    Despite reasonably good macroeconomic conditions, India’s currency has declined by over 10% since the start of 2018. The reasons for this, as we have argued in recent briefings, stem largely from global consi
  • India's Middle Class

    Thursday February 8, 2018

    Hard to Miss the Middle Class
  • Inflation

    Wednesday February 7, 2018

    Changing Tides
  • Federal India: A Competitive Assessment of India’s States

    Monday January 1, 2018

    The IMA study of state-level trends in income, consumption, investment, and employment reveals significant - and business-relevant - variations across India’s regions
  • Uday: A Federalist Success Story

    Tuesday December 19, 2017

    Power distribution has been shoddily managed over the last 30 years in almost every state of the Indian Union and being a state subject there is little the central Government can do directly...
  • Ratings Upgrade

    Thursday November 23, 2017

    A Fair Acknowledgment
  • Irrational Exuberance

    Tuesday October 31, 2017

    Asset Prices
  • Rise of the Dragon

    Monday October 2, 2017

  • Pointless Assertiveness

    Wednesday August 2, 2017

  • Taxation

    Sunday July 30, 2017

    Remove the veil
  • The Reform Agenda: On Track?

    Sunday July 23, 2017

  • Post Retirement

    Tuesday July 11, 2017

    For those that have worked in the corporate world, retirement can come with challenges. Many look to remain involved in a professional capacity, while others engage in travel or photography. But perhaps the nic
  • The Road Ahead with GST

    Thursday July 6, 2017

    The switchover to the GST on July 1 will be a crucial test for the administration. The new tax is expected to bring in substantial revenue benefits to the government, lower prices for consumers through the elim
  • Global Monetary Policy

    Tuesday June 13, 2017

    Keeping it slack
  • State Finances

    Wednesday June 7, 2017

    A need for restraint
  • Chaos under the Heavens

    Sunday May 28, 2017

    China's belt and road
  • The Banking Regulation Ordinance

    Thursday May 25, 2017

    A difficult journey...will finally start
  • Economic Recovery

    Tuesday November 1, 2016

    A recovery? It depends on who's asking
  • Cheap Oil: Here To Stay?

    Wednesday October 26, 2016

    Oil Prices
  • In Pursuit of Happiness At Work

    Tuesday June 23, 2015

    In conversation with NS Rajan, Member of the Group Executive Council and Group CHRO, Tata Sons, June 2015 at The India CHRO Forum in Mumbai
  • Net Neutrality

    Wednesday April 15, 2015

    For consumers or investment, a hard choice
  • The Business Confidence and Performance Survey: Q4 2015-16

    Monday March 30, 2015

    A summary of the results from IMA's January 2016 quarterly Business Confidence and Performance Index (BCPI) survey
  • The Business Confidence and Performance Survey: Q3 - 2014-15

    Monday December 1, 2014

    A summary of the results from IMA's October 2014 quarterly Business Confidence and Performance Index BCPI survey
  • ISIS

    Monday September 22, 2014

    Islamic State - the rising threat