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Contributor : Profile

Name Surname

Gurbachan Singh

Independent Economist
gurbachan.arti@gmail.com

Gurbachan Singh is an independent economist. He was visiting professor at Ashoka University. For many years, he taught at Indian Statistical Institute (ISI), Delhi Centre, and Jawaharlal Nehru University (JNU). His research is at the interface between finance and macroeconomics. His work is on theory to explain the real world and on policy. He is a keen teacher; his main teaching is on ‘Finance and Volatility’. He is a guest faculty at Management Development Institute (MDI), Gurugram. He received his Ph.D. from ISI Delhi Centre, M.A. from Delhi School of Economics (DSE), and B.A.(Hons.) from Hindu College, University of Delhi. He writes a regular ‘column’ for Business Standard. His other interests include good cinema.

Posts by Gurbachan Singh

भारत में ज़मीन की महँगाई और इसके उपाय

भारत में ज़मीन की कीमत उसके मौलिक मूल्य की तुलना में अधिक है, जिसके चलते देश में आर्थिक विकास प्रभावित हो रहा है। इस लेख में, गुरबचन सिंह दो व्यापक कारकों- शहरी भारत में लाइसेंस-परमिट-कोटा राज और ग्रा...

  • दृष्टिकोण

Irrationality in financial decisions: A policy proposal

The high valuations of small- and mid-cap stocks in the Indian market seem indicative of irrational exuberance. In this context, Gurbachan Singh discusses the prevailing policy framework to deal with ...

  • Perspectives

Why is land expensive in India, and what can be done about it?

The price of land in India is high relative to its fundamental value, impacting economic development in the country. In this post, Gurbachan Singh explains why this is so, in terms of two broad factor...

  • Perspectives

A more focused RBI: Creating capacity to tackle ‘true’ market failure

Large, routine payments to the government by the public lead to liquidity crunch in the economy, necessitating interventions by the central bank. However, Gurbachan Singh argues that the RBI is better...

  • Perspectives

बजट 2022-23: पूंजीगत लाभ कर, और परिसंपत्ति-मूल्य

परिसंपत्ति-मूल्य स्थिरता को सुनिश्चित कराने की आवश्यकता होते हुए भी, वर्ष 2022-23 के बजट में इक्विटी निवेश पर पूंजीगत लाभ कर में कोई परिवर्तन नहीं किया गया है। इस लेख के ज़रिये, गुरबचन सिंह संपत्ति-मूल...

  • दृष्टिकोण

Budget 2022-23: Capital gains tax, and asset-price stability

Although there is a need to ensure asset-price stability, the 2022-23 Budget has left the capital gains tax on equity investment unchanged. In this post, Gurbachan Singh examines the idea of a tax as ...

  • Perspectives

Budget 2021-22: Missed opportunity for increasing tax collection

Examining income tax announcements of Budget 2021-22 with a broader perspective, Gurbachan Singh highlights the need to increase tax collection in India in a gradual and careful but sustained manner. ...

  • Perspectives

Inflation targeting and capital flows

Current law in India mandates a review of the target inflation rate by 31 March 2021 for a five-year period. Several critics have called for abandoning the flexible inflation targeting regime altogeth...

  • Perspectives

A ten-point programme for economic recovery

The Indian economy has been experiencing a slowdown in growth of GDP in general and investment in particular, with the Covid-19 crisis being the last (big) straw. In this post, Gurbachan Singh present...

  • Perspectives

Going beyond passive investing in the stock market

Investing in the stock market through passive funds is now becoming popular in India. This is, broadly speaking, a positive development. However, Gurbachan Singh contends that we need to go well beyon...

  • Perspectives

Covid-19: Recession in India, and policy lessons from other countries

Given the prevailing economic situation in India and following the past experience of several developed countries, there is a clamour for accepting much larger fiscal deficits, and adopting unconventi...

  • Perspectives

Covid-19, and the way to avoid a blunt interest rate policy

Given the looming recession due to Covid-19, the Reserve Bank of India has reduced interest rates to encourage economic activity in the country. In this post, Gurbachan Singh contends that the prevail...

  • Perspectives