17 July, 2024Food, fuel, and facts: Distributional effects of global price shocks
The recent upsurge in global prices of essential commodities of food and fuel, warrants an analysis of the distributional ramifications, especially within developing economies. This article examines I...
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Saroj Bhattarai Arpita Chatterjee Gautham Udapa 
20 June, 2024
- Articles
What will it take for the Indian economy to break out of the lower-middle-income bracket?
In 2007, India moved from the low-income to lower-middle-income category, as per the World Bank’s classification of countries by income. With clear aspirations to graduate into the higher brackets o...
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Vikas Dimble Nalini Gulati
- 12 June, 2024
- Perspectives
Growth, well-being and distribution in India in the last decade – I
As India gets ready to vote in the general election, Balakrishnan and Parameswaran present a comprehensive, evidence-based review of the performance of the Indian economy over the past decade. In the ...
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Pulapre Balakrishnan M. Parameswaran
- 20 March, 2024
- Perspectives
What does the new IIP series tell us about the state of manufacturing in India?
In May 2017, the Central Statistics Office released the new series of the Index of Industrial Production with 2011-12 as the base year, after a comprehensive revision of computation methods. The serie...
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Radhika Pandey Amey Sapre Pramod Sinha
- 02 August, 2017
- Articles
The economic and political consequences of India's demonetisation
The ruling party at the centre won the Uttar Pradesh state election despite its demonetisation policy having some negative economic impacts on the Indian economy. By combining primary data from survey...
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Abhijit Banerjee Namrata Kala
- 26 July, 2017
- Articles
How much public debt is too little?
Virtually the entire literature on public debt is focussed on determining how much is too much, beyond which it becomes a systemic threat to the economy. In this article, Pronab Sen outlines some of t...
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Pronab Sen
- 16 July, 2017
- Perspectives
Changes in the nature of female workforce participation in India
Declining female workforce participation in India is a matter of grave concern, and a puzzle in the face of increased overall economic growth. This column shows that although the proportion of working...
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P.C. Mohanan
- 14 July, 2017
- Articles
Should emerging markets worry about US monetary policy announcements?
Emerging economies are routinely affected by monetary policy announcements in the US. This column finds that US monetary policy surprises have a significant impact on emerging economies’ exchange ra...
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Poonam Gupta Oliver Masetti David Rosenblatt
- 03 July, 2017
- Articles
Economic benefits of transportation infrastructure: Historical evidence from India and America
Significant public finance is devoted to transportation infrastructure, the economic benefits of which are often unclear. This column analyses two major railroad projects in India and US in the 19th c...
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Dave Donaldson
- 21 June, 2017
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Impact of disinvestment policy on public sector enterprises in India
To address operational inefficiencies in PSEs without comprising on their social objectives, disinvestment policy is often used. However, there are concerns regarding the extent of impact on firm per...
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Ritika Jain
- 12 June, 2017
- Articles
How the American Dream led to India's IT boom
In the context of the ongoing global debate on migration policies, this column shows that the H-1B visa programme of the US had a powerful impact on the US IT sector, and played a prominent role in sp...
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Gaurav Khanna Nicolas Morales
- 29 May, 2017
- Articles
When windmills tilt: The FRBM debate
In this article, Dr Pronab Sen presents his views on the ongoing debate on the Fiscal Responsibility and Budget Management Act.
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Pronab Sen
- 08 May, 2017
- Perspectives
Highway network designs and regional economic development
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...
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Simon Alder
- 03 April, 2017
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Community origins of industrial entrepreneurship: Theory and historical evidence from India
The transition from agriculture to trade and the subsequent transition from trade to manufacturing are key stages in the development process. In countries where a substantial manufacturing sector exis...
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Bishnupriya Gupta Dilip Mookherjee Kaivan Munshi
- 31 March, 2017
- IGC Research on India
Price risk and poverty
A common feature of markets in many developing economies is a lack of integration. This leads to substantial variation in prices of basic commodities across space, and risk to households from local su...
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Lucie Gadenne Monica Singhal Sandip Sukhtankar
- 31 March, 2017
- IGC Research on India
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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