Kaushik Basu

  • Amartya Sen, 4 other Indians in the race for world's top thinkers March 28, 2014

    London: Five Indians are in the race for "the world's most important thinker - 2014". It is a part of a 10-year-old annual global poll conducted by the Prospect magazine. Its 2014 list has five Indians names. Interestingly, four of them are renowned economists. Nobel award winning economist Amarthya Sen,...
  • Fisc consolidation needs to be our mantra for Budget: Basu February 16, 2014

    In an interview to CNBCTV18's Latha Venkatesh, Kaushik Basu, chief economist of World Bank spoke about his reading of the global economy and his outlook. Below is a verbatim transcript of the interview: Q: You aren't one of us at this point in time, in a way, as the World Bank...
  • Next 18 months tough for global economy: World Bank chief economist August 20, 2013

    New Delhi: All eyes are on the markets after Friday's meltdown. It remains to be seen whether the Sensex will rebound on Monday after its worst fall in four years. World Bank chief economist Kaushik Basu has warned that the next year and a half will be tough for India and...
  • India will see another "harsh" year in 2013: Basu December 15, 2012

    New Delhi: India will see another "harsh" year in terms of economic growth in 2013 as the European situation "will remain very difficult up to end of 2014", World Bank Chief Economist Kaushik Basu on Friday said. "Next year will also be very harsh (for India)...the European situation will remain...
  • Kaushik Basu is World Bank's new Chief Economist September 5, 2012

    New York: The World Bank on Wednesday appointed Kaushik Basu as its Chief Economist and Senior Vice President. Basu (60) will begin his term on October 1, World Bank Group President Jim Yong Kim said in a statement. Basu, who replaces Justin Yifu Lin, was Chief Economic Adviser in India's Finance...
  • FDI in retail may be a reality by Aug 15: Sources July 19, 2012

    New Delhi: FDI in retail may be a reality by August 15 as the government is working towards building a consensus on the issue. An indication to this effect came on a day when Tata group Chairman Ratan Tata called for an urgent need to push reforms and the Prime...
  • Mamata rejects Basu's appeal on FDI in retail July 8, 2012

    Barasat: West Bengal Chief Minister Mamata Banerjee on Saturday asserted she remained firmly opposed to allowing FDI in multi-brand retail. Earlier in the day, Chief Economic Advisor Kaushik Basu had said in Kolkata that Banerjee would realise the reform will be a win-win situation if properly explained to her. ...
  • FDI in retail a win-win situation: Basu to Mamata July 7, 2012

    Barasat: West Bengal Chief Minister Mamata Banerjee on Saturday asserted she remained firmly opposed to allowing foreign direct investment (FDI) in multi-brand retail. Earlier on Saturday, Chief Economic Advisor Kaushik Basu had said in Kolkata that Banerjee would realise the reform would be a win-win situation if properly explained to her. "Mamata...
  • Prices to remain high for another 2-3 months: Basu July 3, 2012

    Chennai: Common man will have to live with high prices for another two-three months as inflation is expected to come down only by September, Chief Economic Adviser Kaushik Basu said on Tuesday. As per expectations and calculations of the Finance Ministry, inflation will go below 7...
  • Inflation expected to soften in mid-October: Basu July 3, 2012

    Chennai: Inflation would continue to hover around 7.5 per cent for another two to three months but is expected to soften from mid-October, Chief Economic Adviser Kaushik Basu said today. "My expectation on inflation as per wholesale price index is, for another two-three months, it will be the way it is...
  • No dilution in recent policy decisions: Basu June 29, 2012

    New Delhi: Amid the Prime Minister's Office seeking clarifications from the Finance Ministry on tax matters, including retrospective amendments, Chief Economic Advisor Kaushik Basu on Friday said there has been no dilution in any of the recent policy decisions. "I don't think that any policy step (of recent months) has been...
  • Basu wants PM to take charge of finance ministry June 22, 2012

    New Delhi: Chief Economic Advisor Kaushik Basu wants Prime Minister Manmohan Singh to take charge of the Finance Ministry after Pranab Mukherjee moves to Rashtrapati Bhawan saying that he is an extremely capable person. "Prime Minister is a very trained economist... He was there in the 1991 reforms ... (although) it...
  • India @ 9 with Rajdeep Sardesai June 20, 2012

    Watch today's top stories with CNN-IBN's Editor-in-Chief Rajdeep Sardesai. ...
  • Reforms can boost morale in India: Kaushik Basu June 20, 2012

    The government has six months to bring the economy back on track, claims Chief Economic Advisor Kaushik Basu. ...
  • Reforms can bring economy back on track: Basu June 20, 2012

    New Delhi: With economic concerns increasing, time is running out for the UPA claimed the government's Chief Economic Advisor Kaushik Basu. Speaking to Rajdeep Sardesai, Basu said that two reforms are the need of the hour - FDI in retail and partial deregulation of diesel prices. Pitching for decontrol of diesel...
  • Pranab will be a wonderful President: Basu June 16, 2012

    New Delhi: Lauding Finance Minister Pranab Mukherjee for his erudition and ability to concentrate on work at hand, among other qualities, Chief Economic Advisor Kaushik Basu on Friday said he would be a "wonderful" President. "He (Mukherjee) is a person of great erudition... knowledge and for a President (that) is...
  • Pranab will be a wonderful President: Basu June 15, 2012

    New Delhi: Lauding Finance Minister Pranab Mukherjee for his erudition and ability to concentrate on work at hand, among other qualities, Chief Economic Advisor Kaushik Basu on Friday said he would be a "wonderful" President. "He (Mukherjee) is a person of great erudition... knowledge and for a President (that) is...
  • Eurozone break-up could hit us in face: Basu June 10, 2012

    Mumbai: Chief economic advisor Kaushik Basu has warned that if the Eurozone breaks up finally, it will be more disastrous than the 2008 global financial crisis triggered by the fall of the Wall Street banks, from which the global economy is yet to recover. "If Europe does slip into a crisis,...
  • Out-of-the-box monetary policy needed: Basu June 9, 2012

    Mumbai: Days ahead of credit policy review by the Reserve Bank, Chief Economic Adviser Kaushik Basu on Friday said "out-of-the-box" thinking is needed in the monetary policy and favoured slashing interest rates to boost sagging economic growth. "What we need to do is to create...
  • Oil price rollback will hurt India badly: Basu June 1, 2012

    Amid raging protests by parties cutting across the political spectrum for a partial rollback on the petrol price hike, Chief Economic Advisor Kaushik Basu has said that a rollback of any kind will hurt India's fiscal deficit target badly, leading to price increase in general. In an interview with Karan Thapar...
  • There must be no petrol price rollback: Kaushik Basu May 25, 2012

    Chief Economic Advisor Kaushik Basu has said that a partial rollback in petrol prices will hit India's fiscal deficit target adversely. ...
  • 'Oil price rollback will hit fiscal deficit' May 25, 2012

    Amid speculation that a partial rollback of petrol prices is likely due to political pressure, Chief Economic Advisor Kaushik Basu has said that a rollback of any kind will adversely affect the fiscal deficit target leading to price increase in general. In an interview with Karan Thapar on 'Devil's Advocate', the...
  • Kaushik Basu blames media for misreporting April 24, 2012

    After reports of policy paralysis hitting reforms, which was attributed to his speech in the US, Kaushik Basu, the Chief Economic Advisor to the PM now claims he was misquoted. ...
  • India to see key reforms in the next 6 months: Basu April 22, 2012

    Washington: After the furore over his remarks to a think tank, Chief Economic Advisor Kaushik Basu feels India will see "some important" reforms in the next six months, including on subsidies and may be partial diesel decontrol and FDI in retail. However, he feels the "biggest reform" GST (Goods and Services...
  • No witch hunt, take bold decisions: PM to bureaucrats April 22, 2012

    New Delhi: Asking civil servants to take bold decisions, Prime Minister Manmohan Singh on Saturday said the government would not indulge in "witch hunting" against them in the name of fighting corruption and was committed to protecting the honest. He also said they should not be affected by the "nature and...
  • Agni launch proves no policy paralysis: Congress April 23, 2012

    New Delhi: With Opposition alleging "policy paralysis" in the government after Economic Advisor Kaushik Basu's controversial remarks on economic reforms, the Congress on Saturday tried to stave off the attack by citing the successful launch of Agni-V. "The missile test clearly indicates that this is a government, which is not diffident...
  • 'UPA lacks daring political team to implement reforms' April 21, 2012

    New Delhi: Janata Party chief Subramanian Swamy on Saturday said he was not surprised over Chief Economic Advisor Kaushik Basu's comment on economic reforms as the UPA lacked a "political team" to push through the reform initiatives. In a statement, he criticised the UPA for "paralysis" in implementing essential reforms and...
  • Basu's remarks proof of policy paralysis: BJP April 20, 2012

    New Delhi: India's Chief Economic Advisor Dr Kaushik Basu's statements on policy paralysis led to the BJP accusing the government of being in a coma and the government blaming the Opposition for the situation. Boardroom corners, industry chambers, policy-makers - everwhere - this was a hushed up conversation. And now its...
  • The Last Word: Is the Govt signaling the end of reforms? April 20, 2012

    The Chief Economic Advisor has said that there are unlikely to be major economic reforms before the next elections. ...
  • Kaushik's remark triggers political slugfest April 20, 2012

    New Delhi: Finance ministry chief economic advisor Kaushik Basu's remarks that major reforms were unlikely before the next general elections kicked off a slugfest between the government and the opposition on Friday, the BJP accusing the government of "policy paralysis" and a senior minister hitting back that the opposition's non-cooperation...