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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: liberalisation

W(h)ither the State? 25 years of economic liberalisation
Parikshit Ghosh
Posted on: 26 Jul 2016
Topics:   Political Economy


24 July 2016 marked 25 years of liberalisation of the Indian economy. In this article, Parikshit Ghosh, Associate Professor of Economics at Delhi School of Economics, contends that liberalisation did not mean the State should wither away and let markets rule the roost; it redefined complementary roles for the State and markets, making each more important than before.
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Trade liberalisation and intergenerational occupational mobility in urban India
Reshad N. Ahsan , Arpita Chatterjee
Posted on: 18 Apr 2016
Topics:   Jobs , Trade


While the trade reforms of the 90s led to a rapid increase in trade in India, there are concerns regarding the likely impact of the reforms on inequality. This column shows that innovation induced by international trade led to an increase in the employment share of high-skill occupations, which in turn, allowed an increasing number of sons from underprivileged backgrounds to enter better occupations than their respective fathers.
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Creating a services value chain between India and Thailand
Tanu M. Goyal , Arpita Mukherjee
Posted on: 08 Jul 2015

In the past two decades, India has signed several bilateral and regional comprehensive free trade agreements with Southeast Asian countries, which are likely to enhance services trade, investment and cooperation in the region. This column explores the prospects for creation of a services value chain between India and Thailand. It contends that integrating services may facilitate growth in Indian manufacturing by supporting production networks.
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Migrating out of poverty: The role of finance
Meghana Ayyagiri , Thorsten Beck , Mohammad Hoseini
Posted on: 13 Sep 2013

Financial liberalisation has been controversial as it is not clear whom the expanded credit allocation actually benefits. Using variation across time and states in India, this column finds strong evidence that financial deepening reduces rural poverty, especially among the self-employed. Financial deepening is also found to be associated with an inter-state migration trend from rural areas into the tertiary sector in urban areas.
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