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
Reconsidering the 4% inflation target
The RBI targets an inflation rate of 4%. In this article, Gurbachan Singh takes an in-depth look at the prevailing macroeconomic policy regime. This exercise provides an insight, which forms the basis...
- Gurbachan Singh
- 16 January, 2017
- Perspectives
The historical roots of India's booming service economy
India stands out from other emerging economies because its growth has been led by the service sector rather than labour-intensive manufactures. This column summarises recent research showing that Indi...
- Stephen Broadberry Bishnupriya Gupta
- 13 January, 2017
- Articles
Terms of trade shocks and monetary policy in India
Understanding monetary policy design in emerging markets and developing economies is a growing area of research. One aspect that is missing is how distortions in the agricultural sector translate into...
- Chetan Ghate Sargam Gupta Debdulal Mallick
- 31 December, 2016
- IGC Research on India
Women and work in rural India
In contrast to the global average of 48%, only 32.6% of the half-a-billion working-age women in India report to be working. It is puzzling that the rapid fertility transition, broad increases in femal...
- Farzana Afridi Taryn Dinkelman
- 31 December, 2016
- IGC Research on India
Female Politicians and Economic Growth: Evidence from State Elections in India
This project investigates whether women legislators are good for economic growth using constituency level data for all elections to State Legislative Assemblies in India during 1992-2012.
- Thushyanthan Baskaran Sonia Bhalotra Yogesh Uppal
- 31 December, 2016
- IGC Research on India
Book review: 'India’s long road' by Vijay Joshi
In this article, Pulapre Balakrishnan, Professor of Economics at Ashoka University, reviews Vijay Joshi’s book, ‘India’s long road: The search for prosperity’.
- Pulapre Balakrishnan
- 21 December, 2016
- Perspectives
Riding the energy transition: Oil beyond 2040
The motor vehicle was very quick to replace horses in the early 20th century, and the advent of the electric car suggests that another profound shift in transportation and energy could be around the c...
- Reda Cherif Fuad Hasanov Aditya Pande
- 08 December, 2016
- Articles
Land acquisition law: The buck stops with the states
Some believe that by encouraging states to enact their own versions of the land acquisition law, the central government is diluting the law. In this article, Dhanmanjiri Sathe, Professor of Economics ...
- Dhanmanjiri Sathe
- 07 December, 2016
- Perspectives
Is the structure of Indian manufacturing geared towards job creation?
Government of India has envisaged adding 100 million jobs in manufacturing by 2022. This column finds that the structure of the country’s manufacturing sector is misaligned with the objective of jo...
- Sharmila Kantha
- 05 December, 2016
- Articles
How did de-reservation of small-scale industry affect employment?
To protect small, labour-intensive manufacturing enterprises and boost employment, the Indian government reserved certain products for exclusive production by such enterprises. This policy was gradual...
- Ann. E. Harrison Leslie Martin Shanti Nataraj
- 05 December, 2016
- Articles
Food processing industries: Lessons from Bihar
For an industrially backward state like Bihar, placing food processing as the lead sector for industrial development is a natural choice from the perspective of resource advantage and interlinked sect...
- Barna Ganguli Debdatta Saha
- 29 November, 2016
- Articles
Minimum wage legislation for domestic workers: Does it work?
Between 2005 and 2009, for the first time, seven Indian states notified minimum wages for domestic workers. This column evaluates the impact of the legislation in terms of real wages and employment op...
- Rohan Gudibande Arun Jacob
- 28 November, 2016
- Articles
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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