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Tag Search: “public finance”

Moratorium on new subsidies to garner resources for public spending on health

Employability is fundamentally driven by human capital development, encompassing health and education. Based on analysis of data from about 100 economies, Shishir Gupta argues that in India, the lack ...

  • Perspectives

When is corporate debt a threat to macroeconomic stability?

Since the 2007-08 Global Financial Crisis, policymakers have focused on household debt as the primary risk factor for macroeconomic stability. Should they be similarly worried about corporate debt? Ba...

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WazirX: Socialisation of losses and need for financial regulation

The cryptocurrency exchange WazirX recently faced a security breach resulting in huge losses for its users. In this post, Nipuna Varman evaluates the ‘loss socialisation’ recovery plan that was initia...

  • Perspectives

How RBI’s macroprudential policies shape housing loan decisions

The recent surge in housing finance in India calls for a robust regulatory framework to ensure financial stability and avert overheating of the housing market. Using data on individual mortgage loans ...

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Expected or unexpected? Strategic communication around audits to maximise deterrence

Even with evidence on how audits can be designed to be more effective in deterring corruption by bureaucrats, in practice, budget constraints restrict governments from being able to conduct audits wit...

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India’s foreign reserves and global risk

India’s foreign exchange reserves, relative to GDP, have been on the rise. This article examines the motives behind the hoarding of reserves by central banks, and if adequate reserves are held for pur...

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Green is good: Risk insights into Indian green stocks

While consistent financial flows towards climate resilience are crucial, there is a recent global trend of withdrawal of investment from ‘green assets’. Given the centrality of potential risk-adjusted...

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Budget 2024-25: A countercyclical approach to fiscal policy

Keynes propounded that fiscal policy should be countercyclical in nature – expansionary during recession and contractionary during periods of boom. In this post, Aakanksha Shrawan analyses India’s Int...

  • Perspectives

Growth, well-being and distribution in India in the last decade – I

As India gets ready to vote in the general election, Balakrishnan and Parameswaran present a comprehensive, evidence-based review of the performance of the Indian economy over the past decade. In the ...

  • Perspectives

Second Ashok Kotwal Memorial Lecture: Inequality, Labour and Social Democracy

The Ashok Kotwal Memorial Lecture was instituted in 2022, in memory of our founding Editor-in-Chief, as an annual lecture on key issues of development. For its second edition, I4I hosted Professor Pra...

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Forecasting long-run Indian GDP using high-dimensional big data

This article describes an attempt to forecast of India's long-run GDP, which uses using quarterly data on macroeconomic variables from 1996-2021, and a dynamic factor model to establish long-run trend...

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Debt markets’ response to mandatory corporate social responsibility

To examine the response of debt holders to the Mandatory Corporate Social Responsibility, this study by Jitendra Aswani looks at debt pricing for firms impacted by the Indian Companies Act 2013 and it...

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