Effect of food prices on inflation: Is monetary policy an effective tool?
With rising inflation becoming a global concern, Balakrishnan and Parameswaran discuss some explanations for the high inflation in India. They find that inflation was driven by a domestic rise in food...
- Pulapre Balakrishnan M. Parameswaran
- 19 July, 2023
- Articles
India’s debt dilemma
In the fifth article in the Ideas@IPF2023 series, Eichengreen, Gupta and Ahmed reveal how high levels of debt in India limit the resources available for other priorities. At the same time, they predic...
- Ayesha Ahmed Barry Eichengreen Poonam Gupta
- 17 July, 2023
- Perspectives
Budget 2024-25: A countercyclical approach to fiscal policy
Keynes propounded that fiscal policy should be countercyclical in nature – expansionary during recession and contractionary during periods of boom. In this post, Aakanksha Shrawan analyses India’s...
- Aakanksha Shrawan
- 26 March, 2024
- Perspectives
Digital India Land Records Modernisation Programme: Assessing impact in Himachal Pradesh and Maharashtra
Government of India launched the National Land Records Modernisation Programme in 2008, with the aim of establishing a system of titles to ensure conclusive proof of land ownership. The programme was ...
- Sudha Narayanan Prerna Prabhakar Gausia Shaikh Diya Uday Bhargavi Zaveri
- 06 August, 2018
- Articles
The effect of place-based development policies: Evidence from Indian SEZs
Since the introduction of the Special Economic Zones (SEZ), Act in 2005, India has invested roughly 0.5% of its GDP annually into this programme. Using nighttime lights data and firm- and worker-level...
- Yeseul Hyun Shree Ravi
- 18 July, 2018
- Articles
GST Explainer: Introduction
Seventeen years after its framework was formed, India’s biggest tax reform – the goods and services tax – was rolled out on 1 July 2017. Some consider the ‘one nation, one tax’ system to be ...
- Ashok Kotwal
- 30 June, 2018
- Explainers
GST: A ‘good and simple’ tax?
The Goods and Services Tax (GST) came into effect in India on 1 July 2017. Even as it is too early to judge the performance of GST relative to the system of indirect taxation it has replaced, Gaurav D...
- Gaurav Datt
- 18 June, 2018
- Perspectives
Labour market effects of workfare programmes: Evidence from MNREGA
India’s Mahatma Gandhi National Rural Employment Guarantee (MNREGA), the world’s largest workfare programme, provided employment to 51 million households in 2016. Assessing the impact of MNREGA on...
- Clément Imbert
- 27 April, 2018
- Articles
King Cash is back: Has informality increased?
Demonetisation and the introduction of goods and services tax were expected to accelerate the shift to formality in the economy. In this article, Renu Kohli contends that while currency in circulation...
- Renu Kohli
- 06 April, 2018
- Perspectives
Demand-side components of India’s GDP growth
As per the recently released first advance estimates of the Central Statistics Office, the real GDP growth for India is estimated at 6.5% in 2017-18, the slowest in the last four years. In this articl...
- Isha Gupta
- 03 April, 2018
- Perspectives
Jobless growth? From speculation to statistical analysis
This column investigates the relationship between economic growth and net job creation in India and South Asia. If economic growth was truly jobless, as is often claimed, labour productivity would be...
- Robert C M Beyer Martin Rama
- 16 March, 2018
- Articles
Fostering social connections
This column describes an ongoing study that analyses data from Delhi’s labour-intensive garment factories to explore the relationship between trust among workers and productivity. Using the strength...
- Farzana Afridi Amrita Dhillon Sherry Xin Li Swati Sharma
- 16 March, 2018
- Articles
Management practices and productivity in India
In this article, Bloom and Patnaik bring together research that analyses management practices of firms, and how they relate to firm productivity and performance. They highlight the importance of under...
- Nicholas Bloom Megha Patnaik
- 15 March, 2018
- Articles
Impact of labour regulations on Indian manufacturing sector
In this article, Devashish Mitra discusses structural bottlenecks in the Indian manufacturing sector such as labour market regulations and recent policy changes that incentivise capital-intensive prod...
- Devashish Mitra
- 13 March, 2018
- Perspectives
Industrial Policy in India
In this article, Ritam Chaurey provides an overview of India’s industrial and labour policy to put in perspective the issues facing firm growth.
- Ritam Chaurey
- 12 March, 2018
- Perspectives
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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...
- Gurbachan Singh
- 29 February, 2016
- 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...
- Prachee Mishra Roopal Suhag
- 20 November, 2017
- 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...
- Maitreesh Ghatak
- 01 May, 2021
- Articles