•  
Main Banner Image
Macroeconomics

Priorities for the G20 Finance Track

  • Perspectives

Pre-election Budget 2023-24: Short on extravagance, long on substance

The Union Budget presented earlier this month was the last full-year budget before next year's general elections. Rajat Kathuria looks back to India's economic performance in 2014 and suggests that th...

  • Perspectives

Budget 2023-24: Fiscally conservative but lacking economic strategy

The Indian economy’s recovery from the Covid-19 pandemic has not been all good news: employment creation has stagnated, and government capex allocation has not been successful in generating private ...

  • Perspectives

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
438 posts
Refine list by:
--Please Select--
--Please Select--

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 ...

  • Articles

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...

  • Perspectives

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...

  • Perspectives

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

Covid-19: Recession in India, and policy lessons from other countries

Given the prevailing economic situation in India and following the past experience of several developed countries, there is a clamour for accepting much larger fiscal deficits, and adopting unconventi...

  • Perspectives

Covid-19: Conditions on state borrowing need a rethink

States have been in the firing line in the battle to save lives and livelihoods from the impact of Covid-19. However, the loss of economic activity following the nationwide lockdown, has wreaked havoc...

  • Perspectives

Does easing controls on foreign borrowing boost firm performance?

The literature shows that rigid capital-control policies adversely influence international trade, but overlooks the relationships among access to external financing, firm-level productivity, and expor...

  • Articles

Unmaking ‘Make in India’

The current government has attempted to improve India’s ranking in the World Bank’s Doing Business Indicators, but with limited success. This article shows that ‘deals’ between the State and b...

  • Articles

Recent Contributors

Dibyendu

Dibyendu Maiti

Delhi School of Economics

Naveen

Naveen Kumar

Delhi School of Economics

Debajit

Debajit Jha

O. P. JIndal Global University

Pulapre

Pulapre Balakrishnan

Ashoka University

M.

M. Parameswaran

Centre for Development Studies

Poonam

Poonam Gupta

NCAER

Barry

Barry Eichengreen

University of California, Berkeley

Ayesha

Ayesha Ahmed

National Council of Applied Economic Research

View all Contributors

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...

  • 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...

  • 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...

  • Articles