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Budget 2023-24: Some good and no harm

Following the budget speech, Deepak Mishra weighs in on the extent to which the three goals of higher growth, better distribution, and stability were met. He discusses the Finance Minister’s success...

  • Perspectives

Budget 2022-23 and outlook for the Indian economy

Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other...

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I4I@10 | Emerging from Covid-19: Challenges and solutions

As India emerges from the Covid-19 pandemic, economists will have to rethink how they understand the Indian economy in context of global volatilities. In this panel, moderated by Amartya Lahiri, Viral...

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Evaluating inflation targeting in India

In March 2021, India will complete five years since the adoption of the inflation targeting framework by the government and RBI. Analysing inflation data since 1996 using alternative models, this arti...

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Inflation targeting and capital flows

Current law in India mandates a review of the target inflation rate by 31 March 2021 for a five-year period. Several critics have called for abandoning the flexible inflation targeting regime altogeth...

  • Perspectives

Covid-19 crisis: Response should not undermine institutions

The unprecedented economic crisis triggered by the Covid-19 pandemic has resulted in calls for drastic actions on part of the government and RBI. In this post, Sengupta and Vardhan content that these ...

  • Perspectives

Aatmanirbhar Bharat: Foreign trade, capital flows, and India’s growth

The Atmanirbhar Bharat (self-reliant India) policy was announced by the central government, along with the economic package, as a response to the crisis triggered by the Covid-19 pandemic. In this pos...

  • Perspectives

Covid-19 lockdown and migrant workers: Survey of vocational trainees from Bihar and Jharkhand

The nationwide lockdown in India hit migrant workers particularly hard and once travel restrictions were lifted, 11 million interstate migrants returned home. In this note, the authors present key fin...

  • Notes from the Field

A ten-point programme for economic recovery

The Indian economy has been experiencing a slowdown in growth of GDP in general and investment in particular, with the Covid-19 crisis being the last (big) straw. In this post, Gurbachan Singh present...

  • Perspectives

Which jobs were ‘lost’ during India’s Covid-19 lockdowns? Evidence from online vacancy postings

Covid-19 and associated lockdowns across countries have had a devastating impact on the global economy and labour markets. In India, recent data show a historic economic contraction by 23.9% over the ...

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Covid-19: Assessing fiscal position of government in first quarter of 2020-21

In this post, Pandey and Raju analyse the trends in the revenue, expenditure, and borrowings of the Government of India in the first quarter of 2020-21, based on data released by the Controller Genera...

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Subsidies, merit goods, and fiscal space - II

In Part I of this two-part series, the authors presented their estimates of total budget subsidies, and their merit and non-merit components. In this part, they discuss the relationship between subsid...

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Subsidies, merit goods, and fiscal space - I

Mundle and Sikdar argue that rationalisation of the prevailing large volume of non-merit subsidies should constitute a major component of deep fiscal reforms in India. Doing so could free up the fisca...

  • Perspectives

What would make India’s growth sustainable?

Much of the discussion on the economic slowdown in India in recent years – as well as on the government’s measures to tackle the present economic crisis due to the Covid-19 lockdown – is focused...

  • Perspectives

Covid-19: Assessing vulnerabilities faced by microenterprises

In India, where microenterprises form a crucial foundation for livelihoods and employment, the effects of the Covid-19 lockdown can potentially be significant. Based on the first wave of a dynamic, mu...

  • Notes from the Field

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Sayamsiddha

Independent Researcher

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Aakanksha Shrawan

National Institute of Public Finance and Policy

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Pulapre Balakrishnan

Centre for Development Studies

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M. Parameswaran

Centre for Development Studies

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Dibyendu Maiti

Delhi School of Economics

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Naveen Kumar

Delhi School of Economics

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Debajit Jha

O. P. JIndal Global University

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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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