Main Banner Image

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

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...

  • Videos
Refine list by:
--Please Select--
--Please Select--

Cash and the economy: Evidence from India’s demonetisation

‘Demonetisation’ announced in India in December 2016 made 86% of cash in circulation illegal tender overnight, with new notes gradually introduced over the next several months. This article combin...

  • Articles

What should we do about the Indian economy? A wide-angled perspective - IV

In the previous part of this series, Ashok Kotwal and Pronab Sen traced the genesis of the present economic slowdown. In this part, they discuss the way forward to arrest the slowdown. They suggest a ...

  • Perspectives

What should we do about the Indian economy? A wide-angled perspective - III

In the previous part of this series, Ashok Kotwal and Pronab Sen presented an export-led development strategy employed by successful Asian countries and why India failed on this front. In this part, t...

  • Perspectives

What should we do about the Indian economy? A wide-angled perspective - II

In the previous part of this series, Ashok Kotwal and Pronab Sen described the generic process of development in a dual economy. In this part, they present the strategies employed by successful Asian ...

  • Perspectives

What should we do about the Indian economy? A wide-angled perspective - I

The Indian economy, one of the fastest growing economies in the world over the last three decades, today shows telltale signs of an economic slowdown. In this four-part series, Ashok Kotwal and Pronab...

  • Perspectives

Foreign currency sovereign bonds: Think before you leap?

Government recently announced its decision to borrow in foreign currency from abroad to finance part of government’s fiscal deficit. In this post, Renu Kohli discusses some key fiscal preconditions ...

  • Perspectives

I4I Event: Panel Discussion on financing development in India

‘Ideas for India’ is hosting a panel discussion on ‘Financing development in India’ on Monday, 9 September 2019, at Desire Hall, Le Méridien Hotel, New Delhi at 6:30pm. The panellists are Pra...

  • Perspectives

Public debt through the ages

The history of sovereign debt evolved over time along with the purposes for which governments borrowed: first State-building, then public-good provision, and most recently social welfare and entitleme...

  • Articles

The return of the policy that shall not be named: Principles of industrial policy

The 'Asian miracles' and their industrial policies are often considered as statistical accidents that cannot be replicated. This article argues that we can learn more about sustained growth from these...

  • Articles

Why external sovereign debt should be avoided

The Finance Minister of India, in her 2019 Budget speech, announced the government’s intent to finance a part of the fiscal deficit by issuing sovereign bonds in the international financial markets....

  • Perspectives

A silver lining in India’s employment scenario

The latest jobs data released by the government showed a record high unemployment rate of 6.1% in 2017-18, but a rise in the share of workers with a regular job in urban areas. In this post, Mehta and...

  • Articles

Government securities market: Price discovery and the cost of Indian government borrowing

The government securities (G-Secs) market has substantial effects on other markets as the producer of risk-free interest rate benchmarks. Over 2017-18, there was a sharp rise in the interest rates of ...

  • Articles

Recent Contributors

Aakanksha

Aakanksha Shrawan

National Institute of Public Finance and Policy

Pulapre

Pulapre Balakrishnan

Centre for Development Studies

M.

M. Parameswaran

Centre for Development Studies

Dibyendu

Dibyendu Maiti

Delhi School of Economics

Naveen

Naveen Kumar

Delhi School of Economics

Debajit

Debajit Jha

O. P. JIndal Global University

Barry

Barry Eichengreen

University of California, Berkeley

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