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The 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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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...

  • 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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Lighting Up Bihar: Electrification to Sustain Economic Growth

This project looks at incentivising consumers to pay for the electricity consumed by the area in Bihar. The intervention specifically links the duration of supply to the payment performance of a group...

  • IGC Research on India

India's unique crisis - a short term fix

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In thei...

  • Perspectives

India's unique crisis

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In the ...

  • Perspectives

The crisis in Indian manufacturing

Manufacturing sector growth in India has fallen from over 9% to a dismal 1% in the past couple of years. This article discusses the factors that have caused a slowdown in organised and unorganised ma...

  • Perspectives

Can India grow faster again?

India’s growth prospects seem gloomy. This article argues that India can grow fast again even in the current global economic climate as it is different from other emerging economies in a number of i...

  • Perspectives

The Reserve Bank's mission impossible?

India’s current inflation is unprecedentedly high – not in absolute terms but relative to the rest of the world. This article discusses the role of inflation in the recent currency crisis, and ar...

  • Perspectives

What saved the rupee?

This article analyses the dramatic fall of the rupee between May and August this year, and its recovery thereafter. It asserts that it was primarily external factors and an unconventional interventio...

  • Perspectives

Exchange rate movements and Indian firms' exports

Understanding the effects of exchange-rate changes on a country’s trade balance calls for an analysis of how exchange-rate fluctuations affect the decisions of individual firms. This column explore...

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The new land law: Are the states up to the challenge?

In the third part of the land law debate, Ram Singh asserts that the Act is biased against projects of state governments, and emphasises the need for states to undertake long overdue land reforms. He...

  • Perspectives

The Land Acquisition Act is deeply flawed

In the second part of the Land Acquisition Act debate, Ghatak and Ghosh argue that the legislation is ill-conceived and falls short on several counts. They contend that the formula for compensation is...

  • Perspectives

A 'new' land reform policy in India?

The Ministry of Rural Development has recently issued a draft of a new National Land Reform Policy. In this article, Dilip Mookherjee discusses the key features, and presents his views on the pros an...

  • Perspectives

Short-term migration and child welfare

While much has been said about the poor working and living conditions of short-term migrants, relatively little is known of the impact of short-term migration on child welfare. This column finds that ...

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Shishir

Shishir Gupta

Centre for Social and Economic Progress (CSEP)

Rishita

Rishita Sachdeva

Centre for Social and Economic Progress (CSEP)

Kishan

Kishan Narayan

Northeastern University

Rajeswari

Rajeswari Sengupta

Indira Gandhi Institute of Development Research

Prachi

Prachi Mishra

Ashoka University

Nikhil

Nikhil Patel

International Monetary Fund

Joshua

Joshua Aizenman

University of Southern California

Gazi Salah

Gazi Salah Uddin

Linköping University, Sweden

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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...

  • 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...

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