I4I is hosting a panel discussion on 'The Challenge of Job Creation' on Monday, 18 December 2017 at 7 pm at IIC, Delhi. For further details, please click here.
Ashok Kotwal
The challenge of job creation
Posted on: 15 Dec 2017
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The challenge of job creation
Ashok Kotwal
Posted on: 15 Dec 2017
Topics:   Jobs

The process of economic transformation that entails labour transitioning from low- to high-productivity activities, been much slower in India than in other Asian countries like China. Why is this so and what can be done to generate more productive jobs in India or make existing jobs more productive, faster? In this editorial, Ashok Kotwal discusses the challenge of job creation in the Indian economy.

Ashok Kotwal will be moderating a panel discussion on this topic between Kaushik Basu (Cornell University), Renana Jhabvala (SEWA), Manish Sabharwal (TeamLease), and Pronab Sen (IGC India) on Monday, 18 December 2017, 7 pm, at IIC Delhi.

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Waiting for jobs
Radhicka Kapoor
Posted on: 14 Dec 2017
Topics:   Jobs
Tags:   data

Assessing the extent of job creation in India is constrained by lack of comprehensive, real-time employment data. This column presents statistics from a detailed analysis of multiple data sources and surveys to examine latest employment trends. It confirms the languid pace of job creation in India, particularly in the organised sector, over the last few years.
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Is small beautiful? A critical evaluation of MSME policy and performance in India
Shromona Ganguly
Posted on: 12 Dec 2017
Topics:   Economic Growth , Jobs

Micro, small and medium enterprises (MSMEs) have significance in a labour-abundant country like India, and various policies are in place to promote the sector. Analysing MSME data from various sources, this column shows that the structure of manufacturing MSMEs has changed significantly in the last decade: the share of capital-intensive industries in output has increased; labour productivity remains very low with possible replacement of labour with capital.
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Bubble in Bitcoin or elsewhere?
Gurbachan Singh
Posted on: 11 Dec 2017
Topics:   Finance

The price of Bitcoin has skyrocketed. Gurbachan Singh contends that there may or may not be a bubble in cryptocurrencies. If there is a bubble, then the prices will fall eventually, and the story will end there. If, however, there is no bubble in cryptocurrencies, then there can be interesting implications for other important assets.
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Riding the energy transition: Oil beyond 2040
Reda Cherif , Fuad Hasanov , Aditya Pande
Posted on: 08 Dec 2017

The motor vehicle was very quick to replace horses in the early 20th century, and the advent of the electric car suggests that another profound shift in transportation and energy could be around the corner. This column projects how different rates of electric car adoption will affect oil demand and consumption over the next three decades. In a fast-adoption scenario, oil prices could converge to the level of current coal prices by the early 2040s. Even under a slow-adoption scenario, oil could become obsolete before it is depleted.
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Structural transformation and spillovers from ‘Industrial Areas’
David Blakeslee , Ritam Chaurey , Ram Fishman , Samreen Malik
Posted on: 07 Dec 2017
Topics:   Economic Growth , Jobs

A defining feature of economic development is the reallocation of labour from subsistence agriculture to manufacturing. To shed light on this process, this column analyses Karnataka’s Industrial Areas (IAs) programme that facilitated the establishment of industrial firms in rural areas. It finds that IAs caused a large increase in the number of firms and employment with substantial spillovers to neighbouring villages, and triggered a classic ‘structural transformation’ of the economy.
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How new technologies can raise farm productivity
Sambuddha Goswami , Uma Lele
Posted on: 06 Dec 2017

Lele and Goswami discuss the potential of new technologies in raising farm productivity, and the challenges involved in turning the power of information and other technologies into a farmer-friendly technological revolution.
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How did de-reservation of small-scale industry affect employment?
Ann E. Harrison , Leslie Martin , Shanthi Nataraj
Posted on: 05 Dec 2017
Topics:   Jobs

To protect small, labour-intensive manufacturing enterprises and boost employment, the Indian government reserved certain products for exclusive production by such enterprises. This policy was gradually phased out during 1997-2015. This column finds that dismantling of the reservation, in fact, led to increases in overall employment, driven by entrants into the de-reserved product space and incumbents that were previously constrained by the policy’s size limits.
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The simple economics of clean air
Ridhima Gupta , E. Somanathan
Posted on: 01 Dec 2017

One of the main reasons why north-western India chokes on smog every November is the burning of residue from the rice crop by farmers. In this article, Somanathan and Gupta contend that public auctions to sell machines that weed out crop residue at a subsidised rate could help stop stubble burning. It will cost the agriculture ministry a fraction of its annual budget.
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Food processing industries: Lessons from Bihar
Barna Ganguli , Debdatta Saha
Posted on: 29 Nov 2017
Topics:   Economic Growth

For an industrially backward state like Bihar, placing food processing as the lead sector for industrial development is a natural choice from the perspective of resource advantage and interlinked sectoral development. The state government has provided targeted front-loaded capital subsidies for new units in the sector. This column reports on a primary survey of industries that assesses the strengths and drawbacks of the present policy environment and institutions.
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