Una Galani is Associate Editor of Reuters Breakingviews, based in Mumbai. She covers a cross-section of business, finance, and politics in South Asia. Una was in Hong Kong from 2013 and previously spent three years in Dubai writing about Middle Eastern economies during the Arab Spring. She joined Breakingviews in 2006 in London. In 2016, she won Asia Pacific Best Editorial Comment at the State Street Press Awards and Reuters global analysis/commentary of the year. She read English Literature at St Catherine’s College, Oxford. Follow @ugalani
New Delhi is making the most of a sharp slowdown, cutting corporate taxes from 30% to 22%. Companies can use savings to repay debt, invest, cut prices or pay bonuses. The faster benefits are shared with consumers, the sooner they will spread badly-needed economic cheer.
After two decades abroad, India's Oscars swept into Mumbai this week. It's a timely homecoming for the world's busiest film industry. Box office receipts are booming and the sale of rights to Amazon, Netflix and others have helped earnings too. Everyone is winning, for now.
Alternative lenders have grown rapidly, providing loans for cars and homes. Now many are struggling to secure funds and share prices have plunged. A central bank-led review to expose the weakest would restore confidence and help reverse India's sharp consumption-led slowdown.