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Ashok Kotwal
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 »
Introduction to e-Symposium: The idea of a universal basic income in the Indian context
Posted on: 26 Sep 2016
The idea of an unconditional basic income given to all citizens by the State, has caught o ... read on »
Debate: The Aadhaar Bill
Posted on: 02 May 2016
In a debate on the Aadhaar Bill, commentators from academia and civil society will ... read on »

Tag: consumption

Price risk and poverty
Lucie Gadenne , Sam Norris , Monica Singhal , Sandip Sukhtankar
Posted on: 15 May 2017

There is an ongoing policy debate in India on whether grain entitlements under PDS should be converted into cash transfers. This column shows that in the face of high price variability, in-kind transfers such as the PDS can be superior to cash transfers as they could significantly reduce the strength of the relationship between prices and caloric intake, hence, shielding households from price risk.
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Consumption spikes and election days
Shabana Mitra , Anirban Mitra , Arnab Mukherji
Posted on: 20 Apr 2017
Topics:   Political Economy


There is ample anecdotal evidence on political parties bribing voters with cash or consumption goods prior to elections, in India and other developing countries. However, there is an expected lack of hard evidence on the extent and form of vote-buying. Using data from Indian states, this column analyses consumption patterns of households around elections, and finds a spike for some items just before elections.
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How agricultural debt waiver impacts beneficiary households
Mrinal Mishra
Posted on: 02 Feb 2017
Topics:   Finance , Agriculture


How a large-scale and unanticipated debt-relief programme impacts beneficiary households is a question that has not been clearly answered by the existing literature. This column analyses the impact of India’s Agricultural Debt Waiver and Debt Relief Scheme of 2008. It finds that beneficiary households increase precautionary savings by increasing investment in jewellery as they anticipate higher credit constraints in the post-waiver period. Consumption levels remain unaffected.
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When higher volatility is good news
Rudrani Bhattacharya , Ila Patnaik
Posted on: 16 Dec 2015
Topics:   Finance


Conventional wisdom suggests that access to financial services such as banks and bond markets, providing savings and borrowing instruments, allows smoothing consumption over lifetime, irrespective of income fluctuations. Yet, India and other emerging economies have witnessed an increase in consumption volatility relative to income volatility after financial sector development. This column argues that large permanent income shocks in emerging economies explain this puzzle.
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Why is poverty declining so slowly in India?
Arka Roy Chaudhuri , Ashok Kotwal
Posted on: 25 Feb 2013

Despite two decades of fast growth of per capita GDP, India has experienced a very slow decline in poverty. The column suggests that this disconnect between GDP growth and poverty decline can largely be attributed to the positive feedback emanating from a skill biased growth pattern.
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