:: Ideas for India ::

Ashok Kotwal

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 »

Introduction to e-Symposium: The GDP conundrum
Posted on: 16 Nov 2016

Ever since India’s Central Statistical Organisation came out with the new GDP series with ... read on »

Latest

GST Explainer: Value Added Tax 2.0
Aprajit Mahajan , Shekhar Mittal
Posted on: 18 Oct 2017

Topics: Macroeconomic Policy , Political Economy

Tags: fiscal policy , fiscal federalism

Aprajit Mahajan (UC Berkeley) and Shekhar Mittal (UCLA) outline some features of the GST that attempt to address the challenges of implementing a VAT system in India.
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GST Explainer: A legal scholar’s view
Arvind P. Datar
Posted on: 17 Oct 2017

Topics: Political Economy , Macroeconomic Policy

Tags: fiscal policy , fiscal federalism

Arvind Datar, Senior Advocate and reputable legal scholar responds to the questions on GST posed in the introduction of this explainer.
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GST Explainer: A public finance expert’s view
Kavita Rao
Posted on: 16 Oct 2017

Topics: Macroeconomic Policy , Political Economy

Tags: fiscal policy , fiscal federalism

Kavita Rao, Professor, National Institute of Public Finance and Policy, responds to the questions on GST posed in the introduction of this explainer.
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GST Explainer: Introduction
Ashok Kotwal
Posted on: 16 Oct 2017

Topics: Macroeconomic Policy , Political Economy

Tags: fiscal policy , fiscal federalism

Seventeen years after its framework was formed, India’s biggest tax reform – the goods and services tax – was rolled out on 1 July 2017. Some consider the ‘one nation, one tax’ system to be a game changer; some are opposed to it; almost everyone has questions around its working and how it affects them. This explainer seeks to demystify the GST.
read on »

Introducing a new feature: ‘Explainers’
Ashok Kotwal
Posted on: 16 Oct 2017

Topics:

Tags:

Our day-to-day lives are tossed around due to economic changes, resulting sometimes from government policies and sometimes by unidentifiable forces of the world economy. Governments always label every policy change as a ‘reform’ there by signaling an improvement. But it isn’t always so. Often it generates winners and losers and we want to know who these are. Our wellbeing is also affected by the churning in the outside world such as artificial intelligence, automation, global warming, oil prices, and so on. We may not be able to control these forces but at least we would like to understand how they would affect us so that we can safeguard ourselves. Moreover, you – our readers – would not be reading I4I if you were not intellectually curious.

With this in mind, we are starting a new feature ‘Explainers’.
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The lad(y) doth protest too much, methinks
Pronab Sen
Posted on: 13 Oct 2017

Topics: Economic Growth , Macroeconomic Policy

Tags: GDP , data , manufacturing , wages , monetary policy

Former Finance Minister Yashwant Sinha has trashed the present government’s track record on economic management. In a recent article, economist Surjit Bhalla refuted Mr. Sinha’s claims with a point-by-point take-down. In this article, Dr. Pronab Sen responds to Dr. Bhalla’s critique.
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India’s GDP: Deflating the right way
Jyoti Sharma
Posted on: 12 Oct 2017

Topics: Economic Growth

Tags: GDP , data

An unending debate on the GDP growth numbers brought out by the Central Statistics Office has been doing the rounds. In light of the mismatch between recent trends in the growth rate and an array of high-frequency macroeconomic growth indicators, this column discusses the shortcomings of the deflation methodology used to calculate growth rates.
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Recognition of snakebite as a neglected tropical disease: What does it mean for India?
Kaushik Bharati
Posted on: 10 Oct 2017

Topics: Health

Tags: public health

In June this year, the WHO placed snakebite envenoming on its list of top-20 priority neglected tropical diseases. In this article, Dr Bharati contends that India, which has the highest burden of snakebite mortality in the world, should grab the opportunity to spearhead the global initiative to tackle the disease.
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Inflation targeting: Should RBI revisit its inflation anchor?
Renu Kohli
Posted on: 09 Oct 2017

Topics: Macroeconomic Policy

Tags: inflation , monetary policy , RBI

Ever since the RBI switched to flexible inflation targeting with headline Consumer Price Index as the inflation anchor, inflation has witnessed a dramatic collapse. In this article, Renu Kohli contends that volatile food prices have exposed the risks inherent in targeting headline CPI inflation.
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Universal basic income and the Indian macroeconomy
Shiv Hastawala
Posted on: 06 Oct 2017

Topics: Poverty & Inequality

Tags: cash transfers

In this article, Shiv Hastawala discusses how, given the macroeconomic framework of India, a universal basic income could potentially have a positive impact on the economy in terms of output, employment, and inflation.

Tweet using #basicincome
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