‘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.
read on »
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.
read on »
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

read on »
Waiting for jobs
Radhicka Kapoor
Posted on: 14 Dec 2017
Topics:   Jobs
Tags:   data

Assessing the extent of job creation in India is constrained by lack of comprehensive, real-time employment data. This column presents statistics from a detailed analysis of multiple data sources and surveys to examine latest employment trends. It confirms the languid pace of job creation in India, particularly in the organised sector, over the last few years.
read on »
Is small beautiful? A critical evaluation of MSME policy and performance in India
Shromona Ganguly
Posted on: 12 Dec 2017
Topics:   Economic Growth , Jobs

Micro, small and medium enterprises (MSMEs) have significance in a labour-abundant country like India, and various policies are in place to promote the sector. Analysing MSME data from various sources, this column shows that the structure of manufacturing MSMEs has changed significantly in the last decade: the share of capital-intensive industries in output has increased; labour productivity remains very low with possible replacement of labour with capital.
read on »
Riding the energy transition: Oil beyond 2040
Reda Cherif , Fuad Hasanov , Aditya Pande
Posted on: 08 Dec 2017

The motor vehicle was very quick to replace horses in the early 20th century, and the advent of the electric car suggests that another profound shift in transportation and energy could be around the corner. This column projects how different rates of electric car adoption will affect oil demand and consumption over the next three decades. In a fast-adoption scenario, oil prices could converge to the level of current coal prices by the early 2040s. Even under a slow-adoption scenario, oil could become obsolete before it is depleted.
read on »
Structural transformation and spillovers from ‘Industrial Areas’
David Blakeslee , Ritam Chaurey , Ram Fishman , Samreen Malik
Posted on: 07 Dec 2017
Topics:   Economic Growth , Jobs

A defining feature of economic development is the reallocation of labour from subsistence agriculture to manufacturing. To shed light on this process, this column analyses Karnataka’s Industrial Areas (IAs) programme that facilitated the establishment of industrial firms in rural areas. It finds that IAs caused a large increase in the number of firms and employment with substantial spillovers to neighbouring villages, and triggered a classic ‘structural transformation’ of the economy.
read on »
How did de-reservation of small-scale industry affect employment?
Ann E. Harrison , Leslie Martin , Shanthi Nataraj
Posted on: 05 Dec 2017
Topics:   Jobs

To protect small, labour-intensive manufacturing enterprises and boost employment, the Indian government reserved certain products for exclusive production by such enterprises. This policy was gradually phased out during 1997-2015. This column finds that dismantling of the reservation, in fact, led to increases in overall employment, driven by entrants into the de-reserved product space and incumbents that were previously constrained by the policy’s size limits.
read on »
Food processing industries: Lessons from Bihar
Barna Ganguli , Debdatta Saha
Posted on: 29 Nov 2017
Topics:   Economic Growth

For an industrially backward state like Bihar, placing food processing as the lead sector for industrial development is a natural choice from the perspective of resource advantage and interlinked sectoral development. The state government has provided targeted front-loaded capital subsidies for new units in the sector. This column reports on a primary survey of industries that assesses the strengths and drawbacks of the present policy environment and institutions.
read on »
Studying revisions in Indian GDP data
Amey Sapre , Rajeswari Sengupta
Posted on: 28 Nov 2017
Topics:   Economic Growth
Tags:   GDP , data

The GDP numbers for a given year undergo a sequence of revisions based on data availability. The periodic revisions are meant to reveal the true picture of the economy, and affect macroeconomic forecasting and policymaking. Large, frequent, and uncertain data revisions can raise questions of data credibility and lead to imprecise inputs for policymaking. In this article, Sapre and Sengupta highlight several issues in the revisions in India's GDP series.
read on »
12345678910...>>