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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 »
A symposium on Piketty: Introduction
Posted on: 15 Jun 2015
Thomas Piketty’s book on ´Capital in the Twenty First Century’ has made waves. The f ... read on »
Emerging challenges: Economic and social
Posted on: 06 Aug 2014
To mark the second anniversary of I4I in July 2014, we invited two eminent scholars – Abhi ... read on »

Tag: imports

Reining in gold imports
Gurbachan Singh
Posted on: 12 Jun 2015
Tags:   imports , RBI


In an attempt to reduce gold imports, the Indian government has proposed three new schemes – gold monetisation, sovereign gold bonds, and domestic production of branded gold coins. In this article, Prof. Gurbachan Singh diagnoses the market failure and government failure involved in large gold imports, and provides a broad perspective on the issue. He examines the potential effectiveness of the schemes, and suggests policy alternatives.
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An Indian trade paradox
Arvind Subramanian
Posted on: 09 Apr 2014
Topics:   Trade


India’s trading partners often complain about the restrictiveness of India’s trade regime. This column argues that they are both right and wrong. While India´s economy is ‘closed’ in terms of trade policy, it is ‘open’ in terms of trade outcomes. Tariff barriers in the services sector are among the highest in the world; but given its size, India trades more than a typical country does.
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