Global Economy
 
How the American dream led to India’s IT boom
Gaurav Khanna , Nicolas Morales
Posted on: 29 May 2017

In the context of the ongoing global debate on migration policies, this column shows that the H-1B visa programme of the US had a powerful impact on the US IT sector, and played a prominent role in spreading the boom to India.
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A comparison of automobile industries in India and China
Smita Miglani , Saon Ray
Posted on: 05 Aug 2016
Topics:   Trade , Global Economy

The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently from that of other developing countries, especially China. In contrast to China, India has relied much more heavily on domestically-grown lead firms and has hence, benefitted at a slower pace from global best practices.
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Painful spillovers from slowing BRICS growth
Raju Huidrom , Ayhan Kose , Franziska Ohnsorge
Posted on: 08 Jun 2016
Tags:   BRICS

A synchronous growth slowdown has hit emerging markets, especially the BRICS, since 2010, with the potential for significant adverse spillovers to the rest of the world. This column estimates that a 1 percentage point decline in BRICS growth could reduce global growth by 0.4 percentage points, and growth in other emerging markets by 0.8 percentage points, over the following two years.
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Responding to external shocks
Ashima Goyal
Posted on: 30 Apr 2015

Following the global financial crisis of 2007-08, the Indian economy was exposed to various shocks. While the major source of shocks was external, the effects were magnified by certain lapses in domestic policy. This column discusses what policies worked and what did not work to reduce excessive rupee volatility, and how the lessons were applied to prepare for any future shocks.
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Exchange-rate pass-through by Indian and Chinese exporters
Sushanta Mallick , Helena Marques
Posted on: 15 Apr 2013
Topics:   Trade , Global Economy

How much does a change in the value of the rupee or the yuan affect the prices of exports from India and China? This column explores the factors behind this ‘exchange-rate pass-through’ and why it is different in the two countries.
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Why Nations Fail – And why India and China don’t fit the story
Arvind Subramanian
Posted on: 01 Feb 2013
Tags:   China

‘Why Nations Fail’ by Daron Acemoglu and James Robinson is becoming a must-read for development economists. But this column argues that the central thesis of the book fails to explain two big development stories: those of India and China.
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