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Posts by Maitreesh Ghatak

The big bank theory

The Indian banking system is saddled with non-performing and stressed assets, which currently constitute about a quarter of all assets. In this post, Maitreesh Ghatak argues that while there are valid...

Union Budget 2018: Unpleasant arithmetic and the art of the possible

In this article, Maitreesh Ghatak contends that while the Union Budget 2018-19 deserves some praise for signalling priorities given the constraints, it disappoints in terms of its vision of reforms.

Why 'free' speech is not always 'costless'

A recent CBI raid at the premises of the owners of NDTV has sparked off yet another round of debates about freedom of the media, the spectre of authoritarianism, and freedom of expression in India. In...

Free speech and the rule of law

In this article, Maitreesh Ghatak, Professor of Economics at the London School of Economics, argues that the fight over freedom of expression in India is a shadow fight; the real fight is about preser...

The dangers that lie beneath India's IT layoffs?

The ongoing layoffs in India’s IT sector are at a scale that has not been seen since the global financial crisis of 2008. In this article, Maitreesh Ghatak, Professor of Economics at LSE, contends t...

Notes ban: Modinomics vs. Moditics

Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that while the ban on high-denomination currency notes is bad economics, it is a brilliant political move.

Nobel prize in Economics 2016: The economy as a nexus of contracts

An important line of research in microeconomics has tried to explain how the economic institutions that underpin the ‘invisible hand of the market’ actually work. The specific economic institution...

Is India ready for a universal basic income scheme?

Maitreesh Ghatak, Professor of Economics, London School of Economics, contends that potential resources do exist to fund a universal basic income scheme, via subsidy cuts and/or raising more tax reve...

Surrogacy bill: Boon or ban(e)?

The Surrogacy (Regulation) Bill, 2016 proposes a complete ban on commercial surrogacy and restrictions on altruistic surrogacy. In this article, Maitreesh Ghatak, Professor of Economics, London School...

Fixit, not Brexit

In a referendum on 23 June, Britain voted for its exit from the European Union. In this article, Maitreesh Ghatak, Professor of Economics, London School of Economics, discusses the causes and likely ...

The crisis of farmer suicides

More than 15,000 Indian farmers have committed suicide per year, on average, in the last two decades – a suicide rate that appears to be higher than that of the general population. In this article,...

Union Budget 2016: A UPA-III Budget

In this article, Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that the Modi government presented a reasonably good United Progressive Alliance (UPA)-III Budget ...