Ashok Kotwal
The challenge of job creation
Posted on: 15 Dec 2017
The process of economic transformation that entails labour transitioning from low- to high ... read on »
GST Explainer: Introduction
Posted on: 16 Oct 2017
Seventeen years after its framework was formed, India’s biggest tax reform – the goods and ... read on »
Introducing a new feature: ‘Explainers’
Posted on: 16 Oct 2017
Our day-to-day lives are tossed around due to economic changes, resulting sometimes from g ... read on »
On demonetisation
Posted on: 23 Dec 2016
On the evening of 8 November, the Prime Minister announced on national television that Rs. ... read on »


Podcast: Parikshit Ghosh speaks with Avinash Dixit
Avinash Dixit , Parikshit Ghosh
Posted on: 15 Jan 2018

In this podcast, I4I Editor Parikshit Ghosh (Associate Professor, Delhi School of Economics) speaks with Avinash Dixit (John J. F. Sherrerd '52 University Professor of Economics Emeritus, Princeton University) on launching a manufacturing boom in India; whether democracy is a handicap for India; tackling corruption through civil society movements led by realists; addressing the backlash by those who have lost out on account of international trade; investing resources to mitigate the negative consequences of climate change; bottom-up approach to improving the state of higher education in India; and identity-based appeal for votes.
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‘Nowcasting’ the Indian economy: A new approach to know the now-GDP
Soumya Bhadury , Sanjib Pohit
Posted on: 12 Jan 2018
Topics:   Economic Growth
Tags:   GDP , data

This column describes NCAER’s new ‘nowcasting’ model, which seeks to predict India’s GDP numbers at frequent intervals − typically on a monthly or quarterly basis − by exploiting the incremental information in published data on economic indicators.
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Aadhaar, biometrics, and the PDS in Jharkhand
Nazar Khalid
Posted on: 10 Jan 2018

Aadhaar-based biometric authentication was made mandatory for obtaining rations under the Public Distribution System in Ranchi district in Jharkhand in August 2016. In this article, Nazar Khalid demonstrates that even a year later, a significant fraction of cardholders is still unable to buy their foodgrain rations.
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Real estate cross-subsidisation for infrastructure financing: A precarious solution for urban development?
Meenakshi Sinha
Posted on: 08 Jan 2018

A means of urban development financing that has emerged in Indian cities is real estate cross-subsidisation, whereby land along the mass rapid transit system corridors is offered to private developers for commercial real estate projects, which can then be sold to generate revenue. Based on case studies in Karnataka and Kerala, Meenakshi Sinha provides insights into some of the governance challenges associated with such processes.
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Does mandatory CSR expenditure affect firm value? Evidence from Indian firms
Praveen Bhagawan M , Jyoti Prasad Mukhopadhyay
Posted on: 04 Jan 2018
Topics:   Economic Growth

Section 135 of the Companies Act, 2013 mandates all Indian firms above certain size or profit threshold to spend at least 2% of net profit earned in preceding three years on Corporate Social Responsibility (CSR) from 2014-15 onwards. The existing literature is divided on whether CSR spending helps improve firm performance. Analysing firm-level data from India for 2006-2016, this column finds that CSR spending has a significant positive impact on firm value.
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Despite improvements in child health, why do so many newborns still die?
Diane Coffey
Posted on: 02 Jan 2018
Topics:   Health

The ‘Million Death Study’ shows that the death rate of under-five children in India dropped from about 90 per 1,000 to about 47 during 2000-2015. However, improvements in death rates in the first month of life have been slow, and deaths from low birthweight remained largely unchanged. In this article, Diane Coffey elaborates on these findings and recommends stronger efforts to understand and improve the health of pregnant women.
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Economics among the road scholars
Jean Drèze
Posted on: 22 Dec 2017
Topics:   Economic Thought

‘Jholawala Economics’ is a derogatory term that the urban elites use to dismiss the arguments of social activists without having to contend with them. However, some of the jholawalas are indeed first-rate economists and their arguments cannot be dismissed easily. Jean Drèze is a prime example. His book ‘Sense and Solidarity: Jholawala Economics for Everyone’ puts together the wisdom that he and his co-authors (especially Reetika Khera) have gathered while doing research motivated by the problems they found at the grassroots level. This article is a condensed version of the thought-provoking introduction to the book.
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Why governments across the globe are cracking down on civic organisations
Kendra Dupuy , Aseem Prakash , James Ron
Posted on: 21 Dec 2017
Topics:   Political Economy

Dupuy, Ron, and Prakash contend that NGOs need to generate resources from the communities they serve. This will make them accountable to these communities and enhance their legitimacy, and incentivise local communities to step up and protect the civic sector from governmental interference.
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Achieving universal health coverage in India: Inefficiency is the problem, not money
Kanchan Mukherjee
Posted on: 19 Dec 2017
Topics:   Global Economy

India has been widely criticised for having one of the world’s lowest public spending on health. In this article, Kanchan Mukherjee contends that even with this minimal expenditure it is possible to achieve universal health coverage. This is because money is not the issue; the crux of the problem is the inefficient way it is spent, which includes misplaced priorities and a lack of evidence-based decision-making.
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The challenge of job creation
Ashok Kotwal
Posted on: 15 Dec 2017
Topics:   Jobs

The process of economic transformation that entails labour transitioning from low- to high-productivity activities, been much slower in India than in other Asian countries like China. Why is this so and what can be done to generate more productive jobs in India or make existing jobs more productive, faster? In this editorial, Ashok Kotwal discusses the challenge of job creation in the Indian economy.

Ashok Kotwal will be moderating a panel discussion on this topic between Kaushik Basu (Cornell University), Renana Jhabvala (SEWA), and Pronab Sen (IGC India), on Monday, 18 December 2017, 7 pm, at IIC Delhi.

Tweet using #JobsCreation

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