Quote on IIP Numbers from Economist Mr. Siddharth Shankar, Director, KASSA GROUP

“The rise in the IIP numbers is nothing to be surprised, the numbers have been very volatile and the lower base is resulting in these numbers being on the higher side. The inflation is high and it would be difficult for RBI to cut the interest rates. Going forward too I do not expect any significant improvement if we nullify the low base impact.”

Mr. Siddharth Shankar, director, KASSA India

Siddharth Shankar, a well known Economist of the country, is associated with KASSA Group as director. He has done BA hons from Sri Ram College of Commerce and pursued his MBA from Belgium. Apart from this he holds a degree of D.G.C from Italy and G.D from USA. Mr. Shankar started his career as a diamond specialist at a tender age of 19. With time he acquired specializations in the field of finance and ultimately settled down as an Economist.

His more than a decade’s expertise in the field of macro economics, has made him explore the depth and strength of the Indian Economy. With his persistent hard work and detailed research work over the years, he has recognized himself as the virtuoso to tackle financial barriers encountered by his clients. Mr. Shankar is the regular contributor to the subjects like IIP, Inflation, GDP, CRR etc. Due to his in-depth knowledge of these topics, he has been placed in various reputed news channels and publications of the country. Other than, Macro economics, Mr. Shankar has also explored the horizons of commodities sector. His comprehensive knowledge on the various factors affecting different commodities in our country has added another field to his expertise areas.

Mr. Shankar has also gained proficiency in the structuring financial products for companies to overcome the financial risks engendered due to their international exposure to money and commodity markets. His skills and proficiency has also given him the valuable opportunities to get involved with marketing systems of Giant search engines like Google, Yahoo, to derive maximum efficiency of their campaigns. Product Conceptualization and web based product marketing are his other, expertise areas.

Mr. Siddharth Shankar, Expert Economist quote on Inflation Numbers

"Inflation number coming down today is more statistical than anything else and nothing much should be read from this number. Any number above 7 is not good and limits room for RBI to cut rates. Food prices would continue to rise and if Diesel prices go up by Rs. 5 we would see further pressure on prices in the coming months. Coupled with this would be the poor monsoon, effect of which would get reflected in the months of Oct and Nov. RBI may chose to combat inflation over growth for the time being."

MR. SIDDHARTH SHANKAR,  Director, KASSA INDIA 

Mr. Siddharth Shankar is a leading Economist & Financial Expert. He has been associated with KASSA group since its incorporation under various capacities as a Director, shareholder and consultant. An expert in the field of Macro-Economics, Mr. Siddharth Shankar has established himself as a mastermind in tackling financial hurdles for his clients. He has more than a decade's expertise in structuring financial products for companies to cover their financial risks that were generated due to their international exposure to money and commodity markets. He has been involved with the marketing systems of Google, Yahoo and other global search engine giants to achieve maximum effectiveness of their campaigns. His expertise also lies in Product Conceptualization and Web- based marketing of Products.

Being a thought leader in the field of Macro-economic, he can provide a detailed analysis on the subject for your esteemed publication.

 Mr. Siddharth Shankar started raising his career graph at the tender age of 19. He had set-up his first fully automatic diamond cutting plant production unit, the first of its kind in Delhi, employing 20 people. By the time he touched his 20`s, he initiated trading of diamonds in the world’s largest diamond market-Antwerp. During this period he simultaneously started giving consultancy on Financial Management to various corporate houses in Europe, India and South-East Asia.

At 22, as a seasoned Financial Risks Manager, he started structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets.

Mr. Siddharth Shankar, Expert Economist quote on IIP Numbers

“While the numbers may look good but to my mind they still represent a slowing Indian economy. Factory output will remain subdued in India for most of this year and maybe a year more. Even if see a rise in output, overall growth will remain weak. To my mind RBI has almost no room to cut rates and monetary action will not really help the economy. The inflation numbers that will come now should be higher and would probably be the highest amongst the emerging economies. While we talk of policy action from the government’s side, I think they too have a very little room to make policy changes. Government cannot come with policies that are detrimental to the nation for the sake of industry. To my mind Industry has to do its bit in improving it productivity and efficiency. While central banks like The Bank of Korea, the People’s Bank of  China, the European Central Bank and the Bank of England all eased monetary policy this month the case with India is different, we have a consumer level inflation of about 12%.”

RBI Policy/Comments from Economist Mr. Siddharth Shankar, Director, KASSA GROUP

“Interest rates were kept unchanged ad that was expected. I was expecting the CRR to be cut by 50 basis points looking at the liquidity situation. The decision has been contrary to what Brazil and China has done. To my mind growth will not happen merely by monetary policy it has to happen from the policy front and that has to come from the government.  To my mind interest rates would have a very low bearing on growth at the current stage of the Indian economy.

To my mind the stance that RBI has taken will not result in reducing inflation but it will have an indirect effect of reducing consumption of goods, mark me, not consumption of  food. This is very important for India as we cannot afford to waste money on consumption.”

Mr. Siddharth Shankar, Expert Economist Quote on inflation numbers

“Indian inflation is moving as expected. While the slowdown has added pressure on the Reserve Bank of India to reduce interest rates I feel interest rates are not enough to propel the economy. It is a complex situation for the central bank. Weak rupee and continuing inflation limit its headroom for RBI. At most the RBI will lower the rate by a quarter of a percentage point. India’s fiscal deficit and food prices are among risks to inflation and falling rupee adds to the woes of the RBI. India also faces a trade deficit that swelled to a record $184.9 billion in the fiscal year ended March. India’s pace of price increases remains the fastest in the largest emerging economies.”

Mr. Siddharth Shankar, Expert Economist Quote upon IIP numbers

“Indian industrial production as expected but I am still not sure if it lead RBI to cut interest rates. I think the issue that we must realize is not high borrowing costs but high level of in-efficiency in the system. The issue is not high interest rates but tighter liquidity. Even if the RBI reduces the rate by 25 basis points, it will have no substantial impact on growth. Demand is falling across the globe and in the coming years we would see that countries will focus a lot on domestic production to ensure employment. It would be difficult for India to bounce back on the recovery path till structural changes are made and structural changes take time to show results. Indian trade deficit is at a record high and inflation is not falling

Fall in the mining number is a long term negative for the economy and a .1 % growth in manufacturing is no growth number. India is in a situation of slow growth and high inflation and coupled with this is the poor rainfall that is expected this year. While everyone is banking upon the consumption of the Indian economy I view it very differently, India needs to reduce consumption and spend on production and productivity.

I expect a major employment crisis that India will face in the coming quarters.”

MR. SIDDHARTH SHANKAR,  Director, KASSA INDIA 

Mr. Siddharth Shankar is a leading Economist & Financial Expert. He has been associated with KASSA group since its incorporation under various capacities as a Director, shareholder and consultant. An expert in the field of Macro-Economics, Mr. Siddharth Shankar has established himself as a mastermind in tackling financial hurdles for his clients. He has more than a decade's expertise in structuring financial products for companies to cover their financial risks that were generated due to their international exposure to money and commodity markets. He has been involved with the marketing systems of Google, Yahoo and other global search engine giants to achieve maximum effectiveness of their campaigns. His expertise also lies in Product Conceptualization and Web- based marketing of Products.

Being a thought leader in the field of Macro-economic, he can provide a detailed analysis on the subject for your esteemed publication.

 Mr. Siddharth Shankar started raising his career graph at the tender age of 19. He had set-up his first fully automatic diamond cutting plant production unit, the first of its kind in Delhi, employing 20 people. By the time he touched his 20`s, he initiated trading of diamonds in the world’s largest diamond market-Antwerp. During this period he simultaneously started giving consultancy on Financial Management to various corporate houses in Europe, India and South-East Asia.

At 22, as a seasoned Financial Risks Manager, he started structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets.

Mr. Siddharth Shankar, Expert Economist quote on Inflation Numbers

“The rise in the CPI was expected after the WPI numbers came out. I think RBI will not be concerned too much about this number as the inflation is food driven and RBI feels food inflation can be handled by the government only. I feel RBI will not reduce rates anytime soon but may look at in-fusing temporary liquidity into the system. ”

MR. SIDDHARTH SHANKAR,  Director, KASSA INDIA 

Mr. Siddharth Shankar is a leading Economist & Financial Expert. He has been associated with KASSA group since its incorporation under various capacities as a Director, shareholder and consultant. An expert in the field of Macro-Economics, Mr. Siddharth Shankar has established himself as a mastermind in tackling financial hurdles for his clients. He has more than a decade's expertise in structuring financial products for companies to cover their financial risks that were generated due to their international exposure to money and commodity markets. He has been involved with the marketing systems of Google, Yahoo and other global search engine giants to achieve maximum effectiveness of their campaigns. His expertise also lies in Product Conceptualization and Web- based marketing of Products.

Being a thought leader in the field of Macro-economic, he can provide a detailed analysis on the subject for your esteemed publication.

 Mr. Siddharth Shankar started raising his career graph at the tender age of 19. He had set-up his first fully automatic diamond cutting plant production unit, the first of its kind in Delhi, employing 20 people. By the time he touched his 20`s, he initiated trading of diamonds in the world’s largest diamond market-Antwerp. During this period he simultaneously started giving consultancy on Financial Management to various corporate houses in Europe, India and South-East Asia.

At 22, as a seasoned Financial Risks Manager, he started structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets.