11 April, 2025The growing burden of state subsidies
Delivery of welfare benefits to citizens by state governments in India often takes the form of subsidies. Analysing budgetary data from seven Indian states for the period between 2018-19 and 2022-23, ...
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Kishan Narayan 
17 March, 2025
- Articles
High public debt in India: 9 stylised facts
The Covid-induced surge in public debt in India was unique compared to its own history, but also bigger and driven by different factors relative to the average emerging market economy. In this post, M...
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Prachi Mishra Nikhil Patel
- 20 December, 2024
- Perspectives
Uneven resilience: Why some emerging markets better navigate US monetary policy cycles
As the US dollar and monetary policy continue to have a significant impact on global financial dynamics, some emerging markets are observed to be more resilient than others to the policy cycles. Analy...
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Joshua Aizenman Donghyun Park Irfan Qureshi Jamel Saadaoui Gazi Salah Uddin
- 30 September, 2024
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India's macroeconomic outlook
With falling inflation, high forex reserves and the new government embarking on a broad reform agenda, things seem to be looking up for India. In this article, Eswar Prasad shares his macroeconomic o...
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Eswar Prasad
- 16 December, 2014
- Perspectives
Should India embrace inflation targeting?
The Urjit Patel Committee recommended the formal adoption of an inflation targeting regime for India. In this article, Iyanatul Islam compares the views of the current RBI Governor with those of his ...
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Iyanatul Islam
- 12 December, 2014
- Perspectives
Can services be a growth escalator in low-income countries?
Just like the East Asian Tigers, the Lions of Africa are now growing much faster than the developed economies. However, this column shows that the growth escalators in Africa are different than in Ea...
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Ejaz Ghani
- 01 December, 2014
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From tapering to tightening: The impact of the Fed's exit on India
India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a co...
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Kaushik Basu Barry Eichengreen Poonam Gupta
- 27 November, 2014
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The Planning Commission and federal transfers
A key function of the Planning Commission was to allocate financial assistance from the centre to the states in support of the five-year plan. In view of the impending replacement of the Planning Com...
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Antra Bhatt Hakhu
- 20 November, 2014
- Perspectives
Building a new house, returning to an original foundation
Most commentators in the Planning Commission debate believe that the new body should be some form of national think-tank focusing on the technical function of formulating an economy-wide strategic vis...
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Jessica Seddon T. N. Srinivasan
- 05 November, 2014
- Perspectives
What explains the increasing use of contract workers in Indian manufacturing?
Contract workers constituted about one-fourth of all workers in formal manufacturing in India in 2008. This column analyses the extent to which trade liberalisation and lack of labour reforms explain...
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Bibhas Saha Kunal Sen
- 29 October, 2014
- Articles
Land Shackled - II
Rising land scarcity and land market distortions are increasingly becoming a binding constraint on development in India. In their previous article, Kapur, Somanathan and Subramanian diagnosed India...
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Devesh Kapur T.V. Somanathan Arvind Subramanian
- 22 October, 2014
- Perspectives
Land Shackled
Rising land scarcity and land market distortions are increasingly becoming a binding constraint on development in India. In the first of a two-part series, Kapur, Somanathan and Subramanian diagnose ...
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Devesh Kapur T.V. Somanathan Arvind Subramanian
- 17 October, 2014
- Perspectives
From 'Mess in India' to Made in India' as a global brand?
PM Modi recently launched the ‘Make in India’ campaign to attract investment and boost manufacturing. In this article, Maitreesh Ghatak contrasts the campaign with the Chinese model of economic g...
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Maitreesh Ghatak
- 15 October, 2014
- Perspectives
Revisiting Indian inflation
Persistently high inflation is a key challenge facing India today. This column analyses long-term trends in Indian inflation and causal factors. It also discusses the current thinking of the RBI on r...
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Kirti Gupta Fahad Siddiqui
- 10 October, 2014
- Articles
In lieu of the Planning Commission: Part V
In this post, Ashwini Kulkarni, who works with the NGO Pragati Abhiyan in the state of Maharashtra, provides her perspective on some of the issues involved in replacing the Planning Commission. In he...
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Ashwini Kulkarni
- 09 October, 2014
- Perspectives
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Tweets by Ideas4IndiaMost 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...
- Gurbachan Singh
- 29 February, 2016
- Articles
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...
- Prachee Mishra Roopal Suhag
- 20 November, 2017
- Perspectives
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...
- Maitreesh Ghatak
- 01 May, 2021
- Articles