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Macroeconomics

Economic development of Punjab: Prospects and policies

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Food, fuel, and facts: Distributional effects of global price shocks

The recent upsurge in global prices of essential commodities of food and fuel, warrants an analysis of the distributional ramifications, especially within developing economies. This article examines I...

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What will it take for the Indian economy to break out of the lower-middle-income bracket?

In 2007, India moved from the low-income to lower-middle-income category, as per the World Bank’s classification of countries by income. With clear aspirations to graduate into the higher brackets o...

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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 ...

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India’s asset monetisation plan

In August 2021, Government of India announced an asset monetisation plan wherein existing public assets worth Rs. 6 trillion would be monetised by leasing them out to private operators for fixed terms...

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Assessing the credibility of sub-national budgets in India

The Covid-19 crisis has put immense pressure on the finances of Indian states. Fiscal consolidation in the post-pandemic period will depend on growth revival, increased fund flows, and efficient budge...

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Understanding ‘consumer price index’ and consumption baskets

The Consumer Price Index (CPI) is used as an indicator in various policymaking contexts, and has gained greater significance since the adoption of the inflation targeting framework in India. In this p...

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Understanding the dynamics of the rupee-dollar exchange rate

Since 1993, the Indian rupee (INR) has officially been following a market-determined exchange rate – price is determined by demand for and supply of foreign exchange – with intervention by the Res...

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Foreign currency corporate borrowing: Risks and policy responses

Non-financial corporations in emerging market economies increasingly rely on foreign currency debt,and are exposed to currency depreciations and sudden stops in capital flows. Analysing data on 1,786 ...

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How open is India's capital account?

Although India began opening up its capital account in the mid-1990s, the approach towards financial liberalisation has been cautious. Tracing changes in the de-facto openness of the country’s capi...

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Goods and services tax: Estimating optimal rates

Introduced in India in 2017, a key feature of the goods and services tax (GST) system is that the tax rate for a particular commodity is uniform across the country. Based on a counterfactual framework...

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India’s service-led economic growth

Structural transformation that involves a shift from agriculture straight to services, is a cause of concern to many scholars as an expanding service sector might be a pale substitute to technical pro...

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Business sentiments and labour markets

The Covid-19 pandemic and associated lockdowns have had a significant adverse impact on jobs and livelihoods. Using 2006-2021 data from a survey on business sentiments, this article examines fluctuati...

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West Bengal’s economic performance relative to India over the last three decades

Against the backdrop of the ongoing elections in West Bengal, Maitreesh Ghatak examines how the state’s economic performance compares with that of the country as a whole, over the past three decades...

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From abundant global liquidity to selective lending: How corporate finance has changed

Global credit has experienced significant changes in the last two decades. Analysing data on 1,160 Indian firms for the 2000-2017 period, this article shows that in the period following the global fin...

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Growth in India: Narratives and evidence

There are various narratives on the trajectory of India’s economic growth, and its key determining factors. This article analyses the recently released GDP data series at 2011-12 prices, extending b...

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Nirvikar Singh

University of California, Santa Cruz

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Prakarsh Singh

Plaksha University

Lakhwinder

Lakhwinder Singh

Institute for Human Development and Punjabi Univer

Arpita

Arpita Chatterjee

University of New South Wales

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Gautham Udapa

Center for Advanced Financial Research and Learnin

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Saroj Bhattarai

University of Texas at Austin

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Nalini Gulati

Editorial Advisor, I4I

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Vikas Dimble

Content Editor, I4I; Ashoka University

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Most Popular Macroeconomics Posts

Land in India: Market price vs. fundamental value

The Real Estate (Regulation and Development) Bill, 2015, is focused on protecting the few home buyers who can afford to buy homes but does not address the issue of high land prices, which is a very se...

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Land records and titles in India

Land ownership is broadly determined by access to a land title, which protects the rights of the title-holder, and impacts livelihoods, and industrial, economic, and social growth. However, land title...

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West Bengal’s economic performance relative to India over the last three decades

Against the backdrop of the ongoing elections in West Bengal, Maitreesh Ghatak examines how the state’s economic performance compares with that of the country as a whole, over the past three decades...

  • Articles