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Ashok Kotwal
On demonetisation
Posted on: 23 Dec 2016
On the evening of 8 November, the Prime Minister announced on national television that Rs. ... read on »
Introduction to e-Symposium: The GDP conundrum
Posted on: 16 Nov 2016
Ever since India’s Central Statistical Organisation came out with the new GDP series with ... read on »
Introduction to e-Symposium: The idea of a universal basic income in the Indian context
Posted on: 26 Sep 2016
The idea of an unconditional basic income given to all citizens by the State, has caught o ... read on »
Debate: The Aadhaar Bill
Posted on: 02 May 2016
In a debate on the Aadhaar Bill, commentators from academia and civil society will ... read on »

Tag: China

Highway network designs and regional economic development
Simon Alder
Posted on: 03 Apr 2017
Topics:   Infrastructure


The Indian National Highway Development Project and its components such as the Golden Quadrilateral or the North-South and East-West corridors are planned to alleviate constraints due to insufficient transport infrastructure. This column compares the effects of the Golden Quadrilateral with a counterfactual highway network that is designed to approximately maximise national income while connecting all intermediate-sized cities.
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How much will people pay for clean air? Evidence from China
Koichiro Ito
Posted on: 12 Aug 2016
Topics:   Environment


Policymakers in emerging economies such as India and China are ramping up efforts to confront pollution. A new study of the air purifiers market in China finds that people are willing to pay a lot to get rid of pollution, but the amount varies widely depending on a person’s income. This sort of metric can enable policymakers to assign values to their policies and guide their decisions.
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A comparison of automobile industries in India and China
Smita Miglani , Saon Ray
Posted on: 05 Aug 2016
Topics:   Trade , Global Economy


The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently from that of other developing countries, especially China. In contrast to China, India has relied much more heavily on domestically-grown lead firms and has hence, benefitted at a slower pace from global best practices.
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What does China’s ‘new normal’ mean for India?
Sharmila Kantha
Posted on: 17 Jun 2016

China’s new normal – a growth rate of at least 6.5% - has been set as a target in its 13th Five Year Plan. In this article, Sharmila Kantha, Principal Consultant, Confederation of Indian Industry, contends that the potential implications of the Chinese deceleration for the Indian economy need to be analysed in detail.
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Elephant vs. Dragon: Growth and development
Mahendra Dev
Posted on: 11 Dec 2015
Topics:   Economic Growth


The Indian economy expanded by 7.4% during July-September 2015, as compared to China’s growth rate of 6.9% over the same period. In this article, Mahendra Dev, Vice Chancellor of IGIDR, examines the prospects of the two economies in terms of economic growth, manufacturing and social indicators. He contends that the slowdown in China presents opportunities for India; however, even if India grows faster than China, it can catch up to it only after 25 years or so.
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China’s fitful economic reforms
Eswar Prasad
Posted on: 07 Dec 2015

Last week, IMF elevated China’s yuan to the status of a global reserve currency. In this article, Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, contends that the fundamental question China’s policymakers now face is whether they will back up their commitment to financial sector reforms with broader measures that will truly free up markets and support them with a strong institutional foundation.
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India, China and growth forecasts
Kaushik Basu
Posted on: 02 Dec 2015
Topics:   Economic Growth
Tags:   China


The World Bank and IMF have predicted that India’s growth rate would overtake that of China in 2015-16. In this article, Kaushik Basu, Senior Vice President and Chief Economist at the World Bank, contends that the resulting high expectations for India lie not in the growth crossover – which is not as significant as some make it out to be – but in the dynamics underlying the country’s aggregate numbers.
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The rolling global crisis and India
Ashoka Mody
Posted on: 07 Sep 2015
Topics:   Economic Growth


We are in the midst of a global growth crisis that began in 2007. In this article, Ashoka Mody, Professor of International Economic Policy at Princeton University, contends that the pervasive global weakness will ultimately harm – and not benefit – India, especially since it is not competitive. China has been the lynch pin of the global economy for a decade; if China goes into a swoon, so will India.
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Assessing the economic effects of India ‘Looking East’
Ganeshan Wignaraja
Posted on: 22 May 2015

PM Modi recently said that India needs to move from ‘Look East’ to ‘Act East’ and that this is a key component of his government’s foreign policy. In this article, Ganeshan Wignaraja, an economist at the Asian Development Bank, assesses the impact of India’s ‘Look East Policy’ of 1991 on India-East Asia economic integration. He contends that closer ties with East Asia can lead to significant economic gains for India provided government and businesses work together to promote reforms and regional integration.
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Will India really grow faster than China?
Chetan Ghate , Peter Robertson
Posted on: 23 Mar 2015
Topics:   Economic Growth


According to the IMF, India will overtake China to be the fastest growing economy this year. In this article, Chetan Ghate and Peter Robertson assess the validity of this claim. In their view, the challenge for India is to not only catch up with China, but to also catch up with itself. Strong democratic institutions and the right economic reforms can work in India’s favour.
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Why the World Bank’s International Comparison Program has limited use for India
Ranjan Ray
Posted on: 20 Feb 2015

Preliminary results from the World Bank’s International Comparison Program, which seeks to compare the economies of 199 countries across the globe, were released recently. In this article, Ranjan Ray, Professor of Economics, Monash University, highlights several features of the exercise that limits its usefulness for a diverse country such as India, and makes recommendations for the next round.
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From ‘Mess in India’ to ‘Made in India’ as a global brand?
Maitreesh Ghatak
Posted on: 15 Oct 2014

PM Modi recently launched the ‘Make in India’ campaign to attract investment and boost manufacturing. In this article, Maitreesh Ghatak contrasts the campaign with the Chinese model of economic governance, and reflects on its potential to enable higher growth and poverty reduction.
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Finance and growth in China and India: Have firms benefited from capital-market expansion?
Tatiana Didier , Sergio Schmukler
Posted on: 08 Aug 2014
Topics:   Finance
Tags:   China


Financial sectors in India and China are fast expanding. This column presents a new dataset on the capital-raising activity and performance of publicly listed firms in the two countries. It suggests that at least a part of the fast growth in India and China seems to come from firms that are able to raise funds from capital markets. However, benefits are restricted to the largest firms.
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Exchange-rate pass-through by Indian and Chinese exporters
Sushanta Mallick , Helena Marques
Posted on: 15 Apr 2013
Topics:   Trade , Global Economy


How much does a change in the value of the rupee or the yuan affect the prices of exports from India and China? This column explores the factors behind this ‘exchange-rate pass-through’ and why it is different in the two countries.
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Why Nations Fail – And why India and China don’t fit the story
Arvind Subramanian
Posted on: 01 Feb 2013
Tags:   China


‘Why Nations Fail’ by Daron Acemoglu and James Robinson is becoming a must-read for development economists. But this column argues that the central thesis of the book fails to explain two big development stories: those of India and China.
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US-China relations: Role reversal will slow climate change
Aaditya Mattoo , Arvind Subramanian
Posted on: 23 Jan 2013
Topics:   Environment


This column proposes a new approach to climate change that involves China, and eventually other developing countries, offering inducements to the West to take steps to foster a private-sector led green technology revolution.
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The Clean Development Mechanism in India – is it working?
Johannes Urpelainen
Posted on: 01 Oct 2012
Topics:   Environment


The Clean Development Mechanism of the Kyoto Protocol allows developing countries to profit from climate friendly projects, and India is second only to China in using the mechanism to help reduce its carbon emissions. But, unlike China, India does not have a national policy. This column argues that as a result the profits are not going to the states that need them most.
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A plague on all houses
Pranab Bardhan
Posted on: 13 Aug 2012

Which is better, India´s liberal capitalism modelled on the US or China´s authoritarian state-controlled capitalism? This column argues that dysfunctional governments in both systems are leading to dangerous levels of inequality and triggering populism.
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Multi-dimensional deprivation in India: Comparisons with China and Vietnam
Ranjan Ray
Posted on: 03 Aug 2012
Topics:   Health


While several studies have compared India with China on economic measures such as GDP per capita, this column looks at a measure of people’s deprivation across a wide range of indicators. It finds India lagging behind in several dimensions, particularly on children’s health.
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Understanding the differing fortunes of poor people in India and China
Martin Ravallion
Posted on: 18 Jul 2012

It is no secret that India and China have both been growing impressively and that the incidence of extreme poverty has been falling. But this column shows that if India’s economic growth had been as inclusive as China’s, poverty would have reduced by twice as much over the past two decades. It argues that India is missing an opportunity if it doesn’t allow its poor to participate more fully in its rapid growth.
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