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Ashok Kotwal
A symposium on Piketty: Introduction
Posted on: 15 Jun 2015
First, I would like to direct readers to a piece by Robert Solow – a Nobel Laureate a ... read on »
Emerging challenges: Economic and social
Posted on: 06 Aug 2014
The recent parliamentary election may well turn out to be a significant event in Indi ... read on »
The challenge of fulfilling aspirations
Posted on: 15 Jul 2014
The recent parliamentary election may turn out to be a watershed moment in Indian his ... read on »

Latest

Is the structure of Indian manufacturing geared towards job creation?
Sharmila Kantha
Posted on: 05 Dec 2016
Topics:   Jobs

Government of India has envisaged adding 100 million jobs in manufacturing by 2022. This column finds that the structure of the country’s manufacturing sector is misaligned with the objective of job creation. Subsectors that have low potential to generate jobs dominate the manufacturing profile. To generate jobs, more employment-intensive subsectors should be promoted.
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The demonetisation boondoggle
Amartya Lahiri
Posted on: 04 Dec 2016

In this article, Amartya Lahiri, Professor of Economics at the University of British Columbia, argues that all public policy must rely on a clear-headed cost-benefit analysis and the recent demonetisation move fails the test.
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Why Demonetisation?
Sarmistha Pal
Posted on: 01 Dec 2016

In this article, Sarmistha Pal, Chair in Financial Economics at the University of Surrey, examines whether the current government’s stance in tackling black money has significantly differed from its predecessor, and how far it is willing to go in this respect.
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Demonetisation and agricultural markets
Nidhi Aggarwal , Sudha Narayanan
Posted on: 30 Nov 2016

In this article, Aggarwal and Narayanan contend that demonetisation alone cannot turn agricultural markets cashless. Such a shift would require sustained and focussed effort to expand the reach of formal institutions, especially for credit and storage.
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Consequences of the demonetisation shock
Sudipto Mundle
Posted on: 29 Nov 2016

In this article, Sudipto Mundle, Emeritus Professor at NIPFP, contends that we are likely to see a significant dip in economic activity till January 2017 or even till the end of the current financial year because of the disruptive demonetisation shock.
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Minimum wage legislation for domestic workers: Does it work?
Rohan Gudibande , Arun Jacob
Posted on: 28 Nov 2016
Topics:   Jobs

Between 2005 and 2009, for the first time, seven Indian states notified minimum wages for domestic workers. This column evaluates the impact of the legislation in terms of real wages and employment opportunities for domestic workers in four of these states. It finds that notifying minimum wages by itself has limited impact; there is a need for strong and transparent monitoring mechanisms.
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How do electricity shortages affect industry in India?
Hunt Allcott , Allan Collard-Wexler , Stephen D O'Connell
Posted on: 25 Nov 2016
Topics:   Infrastructure

Poor electricity supply is widely recognised as a key impediment to firm growth and productivity. This column finds that average reported level of electricity shortages in India reduces annual plant revenues and producer surplus of the average manufacturing plant by 5-10%. While productivity losses are smaller, shortages distort plant size distribution due to significant economies of scale in generator costs.
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Notes ban: Modinomics vs. Moditics
Maitreesh Ghatak
Posted on: 23 Nov 2016

Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that while the ban on high-denomination currency notes is bad economics, it is a brilliant political move.
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Demonetisation and rural cooperative banks
Ajay Vir Jakhar
Posted on: 22 Nov 2016

The RBI has barred rural cooperative banks from exchanging or accepting the denotified Rs. 1,000 and 500 notes. In this article, Ajay Vir Jakhar of Bharat Krishak Samaj - a non-partisan association of farmers - argues that if rural cooperative banks sink, so will farmers.
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A monetary economics view of the demonetisation
Ajay Shah
Posted on: 21 Nov 2016

The demonetised Rs. 1,000 and 500 notes were 86% of the total volume of cash in India. In this article, Ajay Shah, Professor at NIPFP, argues that if a significant scale of firm failure were to come about, it would convert a temporary shock into a deeper and more long-term recession.
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