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Macroeconomics

Economic development of Punjab: Prospects and policies

  • Perspectives

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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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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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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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...

  • 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 ...

  • 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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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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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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In lieu of the Planning Commission: Part IV

In this post, Pronab Sen – former Principal Adviser, Planning Commission of India – provides his perspective on some of the issues involved in replacing the Planning Commission. In his view, none...

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In lieu of the Planning Commission: Part III

In this post, Sunil Jain – Managing Editor, Financial Express – provides his perspective on some of the issues involved in replacing the Planning Commission. In his view, the new body should focu...

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Do location-based incentives promote industrialisation?

In a bid to industrialise the relatively under-industrialised states of Himachal Pradesh and Uttarakhand, the government implemented a tax incentive and capital subsidy scheme in the two states in 20...

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In lieu of the Planning Commission: Part II

In this post, Chandrajit Banerjee - Director General, Confederation of Indian Industry (CII) - provides his perspective on some of the issues involved in replacing the Planning Commission. In his vie...

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Increasing tax compliance through social recognition

To enhance government revenues, it is important to tackle the menace of tax evasion. This column discusses an experiment that tests whether sharing a firm’s tax compliance status with neighbouring ...

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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...

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