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India at work: Challenges and the road ahead

While India’s economy experienced steady growth over the last 20 years or so, the growth in employment has not kept pace and key challenges remain to the creation of good-quality jobs. In this post,...

  • Perspectives

Why next-generation economic reforms are crucial for reviving investment

While corporate profitability and banks' lending ability have been on the rise for some time, corporate investment remains sluggish. In this post, Gupta and Sachdeva argue that investment levels of In...

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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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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...

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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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Monkeying with the rupee

In this article, Debraj Ray discusses the sharp depreciation of the rupee and the ongoing outflow of foreign capital from India. Further, he refutes claims that the costs associated with the Food Secu...

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Choosing to be trained: Behavioural restrictions on participation decisions

Widespread unemployment has prompted policymakers to consider introduction of various training programmes that can help workers accumulate additional skills to obtain new jobs and/ or retain current ...

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Is there public support for higher electricity prices in India?

Even though India´s power sector does not generate enough electricity to meet the rapidly growing demand, policymakers hesitate to increase tariffs due to popular opposition. This column discusses r...

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Who creates jobs?

With millions of young people entering the labour market each year, the big question is whether there will be enough jobs for them. But who actually creates these jobs? This column looks at data from...

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Bad management: A constraint on economic development?

Are poor management practices holding back middle-income countries? This column looks at the evidence for private firms and public organisations in manufacturing, retail, healthcare and education in I...

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A case for including migrants' remittances in inter-state comparisons

Gross State Domestic Product, a widely used measure to compare incomes across states in India, does not include migrants’ remittances. This column argues that remittances have a bearing on drawing v...

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Underperforming even in good times

The late Professor Raj Krishna´s term ‘Hindu growth rate’ was an aptly pejorative description of India´s economic performance in the post-independence period. But how has India performed in the ...

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Could railways have done more to aid economic development in India?

Indian Railways celebrated its 160th anniversary last month. This column argues that while railways played a large economic role in British India, it is likely they could have done more to aid economi...

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The challenges of opening up India's capital account

A key objective for any open economy is to avoid a financial or balance of payments crisis – a goal that often calls for trade-offs between liberalisation and maintaining control of the economy. Th...

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Santosh Kumar

Santosh Kumar Dash

Institute of Rural Management (IRMA)

Joyal P.

Joyal P. Joseph

Gulati Institute of Finance and Taxation (GIFT), K

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Nalini Gulati

Editorial Advisor, I4I

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Kanika Mahajan

Ashoka University

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Anisha Sharma

Ashoka University

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Ananyo Brahma

University of California, Santa Cruz

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Centre for Social and Economic Progress (CSEP)

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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

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...

  • Perspectives