Ashok Kotwal
The challenge of job creation
Posted on: 15 Dec 2017
The process of economic transformation that entails labour transitioning from low- to high ... read on »
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 »

Tag: fiscal deficit

Union Budget 2018: The reality behind the rhetoric
Sudipto Mundle
Posted on: 16 Feb 2018

In this article, Sudipto Mundle contends that given Union Budget 2018-19 was the current government’s last full budget before the next general election, headline-grabbing proposals were particularly important. Hence, a close scrutiny of the actual numbers is necessary, separating rhetoric from reality, to arrive at a sober assessment of the budget.
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Union Budget 2018: Some hits, some misses
Bhaskar Dutta
Posted on: 09 Feb 2018

In this article, Bhaskar Dutta critically analyses the Union Budget for 2018-19 in terms of announcements for the rural and agricultural sector, healthcare, and manufacturing, and implications for fiscal consolidation.
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Union Budget 2018: Not as expansionary as appears at first blush
Ila Patnaik
Posted on: 05 Feb 2018

In this article, Ila Patnaik assesses the implications of the recently announced Union Budget for inflationary expectations and monetary policy.
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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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India's unique crisis
Devesh Kapur , Arvind Subramanian
Posted on: 16 Dec 2013

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In the first of a two-part article, Kapur and Subramanian discuss the misdiagnoses of India’s crisis, and the consequent errors in policy remedies. In the next part, the authors provide a short-term solution for India’s unique crisis.
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What is mitigating a financial crisis in India?
Gurbachan Singh
Posted on: 08 Nov 2013

The recent turmoil in the currency market and the general slowdown in growth in India are disturbing. However, India has by and large performed better in terms of macro-financial stability as compared to many parts of the world. This column discusses the problems confronting policymakers, and current policy responses and associated costs, and suggests alternative policies.
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Monkeying with the rupee
Debraj Ray
Posted on: 04 Sep 2013

In this article, Debraj Ray discusses the sharp depreciation of the rupee and the ongoing outflow of foreign capital from India. Further, he refutes claims that the costs associated with the Food Security Bill are having a negative impact on the Indian currency.
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