Radhika Pandey | Ideas for India

Radhika Pandey
National Institute of Public Finance and Policy
Radhika Pandey holds a Ph.D. in economics. She is Consultant with the Macro-Finance Group at the National Institute of Public Finance and Policy (NIPFP), New Delhi. Her core areas of work are macroeconomics, business cycles, financial sector legislative reforms, and capital controls. One of the key areas of her work has been to improve measurement of the economy through a research programme on empirical macroeconomics which includes identifying well-measured data; seasonal adjustment; and identifying and dating business cycle conditions.       
She was part of research teams for a number of Ministry of Finance instituted expert committees such as Financial Legislative Reforms Commission (FSLRC), Panel on External Commercial Borrowings and Report of the Working Group on Foreign Investments in India.

Articles By Radhika Pandey
Facilitating foreign investment in rupee-denominated debt
Posted On: 27 Nov 2017

Topics:   Finance

On 22 September 2017, the RBI notified that rupee-denominated offshore bonds – popularly known as ‘masala bonds’ – will no longer form part of the limit for investment in corporate bonds by foreign portfolio investors. In this article, Radhika Pandey contends that while this is a step in the right direction, more needs to be done to complete the reform to simplify and rationalise the current regulatory framework.
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What does the new IIP series tell us about the state of manufacturing in India?
Posted On: 02 Aug 2017

Topics:   Economic Growth

In May 2017, the Central Statistics Office released the new series of the Index of Industrial Production with 2011-12 as the base year, after a comprehensive revision of computation methods. The series almost entirely reverses the performance picture of Indian manufacturing, showing sharp upward revisions in the growth of activity. This column finds that the new index is likely to show inflated growth during times of falling inflation. Thus, deciphering the actual change in production continues to be difficult.
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Will demonetisation lead to a protracted economic slowdown?
Posted On: 15 Dec 2016

In this article, Pandey and Sengupta argue that the impact of the contractionary demand shock triggered by the note ban will gradually radiate from cash-intensive activities to virtually every sector of the economy.
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