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...
- Saroj Bhattarai Arpita Chatterjee Gautham Udapa
- 20 June, 2024
- Articles
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...
- Vikas Dimble Nalini Gulati
- 12 June, 2024
- 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 ...
- Pulapre Balakrishnan M. Parameswaran
- 20 March, 2024
- Perspectives
In lieu of the Planning Commission: Part I
The Indian government plans to replace the Planning Commission with a more contemporary think tank. Over the next few weeks, we will present views of experts from various stakeholder groups – priva...
- Pranab Bardhan
- 11 September, 2014
- Perspectives
The future of economic planning in India
Economic planning has been a central tenet of India’s development strategy since independence. In this article, Pronab Sen – former Principal Adviser to the Planning Commission of India – prese...
- Pronab Sen
- 09 September, 2014
- Perspectives
The labour reform myth
A few Indian states have taken steps to relax the labour law pertaining to worker retrenchment. This article argues that while this is a step in the right direction, it may be unrealistic to expect b...
- Pranab Bardhan
- 08 September, 2014
- Perspectives
Economics of public pension: Analysing India's old-age pension scheme
India’s older population aged 60 or above, is the second largest in the world. This column analyses the effects of India’s National Old Age Pension Scheme on the wellbeing of the elderly. It reco...
- Neeraj Kaushal
- 03 September, 2014
- Articles
What impedes SMEs from joining Asian supply chains?
While Small and Medium Enterprises play a significant role in job creation at the country level in Asia, they are underrepresented in Asian supply chains. This column analyses data from 5,900 manufac...
- Ganeshan Wignaraja
- 01 September, 2014
- Articles
Is the rupee fairly valued?
Is the rupee fairly valued, and should the RBI allow it to appreciate beyond its current rate? This column analyses new World Bank data and finds that the rupee is persistently undervalued by 30% or ...
- Martin Kessler Arvind Subramanian
- 27 August, 2014
- Articles
Goods and Services Tax in India: Challenges and prospects
The Finance Ministry recently announced that the Goods and Services Tax will soon be a reality. In this article, M. Govinda Rao – member of the 14th Finance Commission – discusses the challenges ...
- M. Govinda Rao
- 25 August, 2014
- Perspectives
The new plan body must have a certain oomph
PM Modi has announced that his government plans to scrap the six-decade old Planning Commission and replace it with a more contemporary think tank. In this article, Abhijit Banerjee outlines the vari...
- Abhijit Banerjee
- 21 August, 2014
- Articles
Investment in Pakistan: Prospects and challenges for India
With the growing importance of India as a leading source of FDI in South Asia, and Pakistan’s liberal investment policies, there is great potential for Pakistan to attract FDI from India. This colu...
- Samridhi Bimal
- 21 July, 2014
- Articles
Modi's first Budget for India: Disappointing but retrievable
In this article, Arvind Subramanian contends that while Modi’s first Budget was good on vision, it fell short in terms of fiscal adjustment, budgetary transparency and credibility, and specificity ...
- Arvind Subramanian
- 15 July, 2014
- Perspectives
Two views on the Budget
The Modi government’s first Budget has received a mixed response. Eswar Prasad and Bharat Ramaswami present two distinct views on the Budget. While Prasad is of the opinion that the Budget hits the...
- Eswar Prasad Bharat Ramaswami
- 12 July, 2014
- Perspectives
Keys to successful reform in India
The new Indian government’s first budget - due to be unveiled this week – will be an important indicator of how forcefully the new PM intends to translate his mandate of putting India’s economy...
- Eswar Prasad
- 09 July, 2014
- Perspectives
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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