Economic development of Punjab: Prospects and policies
While the north Indian state of Punjab topped per-capita income rankings within the country until year 2000, its position fell consistently thereafter. This article discusses the current state of Punj...
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Lakhwinder Singh
Nirvikar Singh
Prakarsh Singh
17 July, 2024
- Perspectives
Food, 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
Introduction to e-Symposium: The GDP conundrum
Ever since India’s Central Statistical Organisation came out with the new GDP series with 2011-12 as the base year, controversy has surrounded it. The CSO claims that the new series is calculated b...
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Parikshit Ghosh
16 November, 2016
- Symposium
GDP conundrum: Is India booming?
Rajeswari Sengupta, Assistant Professor at IGIDR, points out that the methodology used for the new GDP series seems to be underestimating the GDP deflator, which in turn is causing real growth to be o...
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Rajeswari Sengupta
16 November, 2016
- Perspectives
A macro view of India’s currency ban
The recent ban on high-value currency notes has taken the country by storm. While much is being written about the pros and cons of this announcement in terms of the effect on black money, logistical c...
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Rajeswari Sengupta
15 November, 2016
- Perspectives
Shock and oh damn
In this article, Pronab Sen, Country Director for the India Central Programme of the International Growth Centre, argues that India’s recent demonetisation has penalised virtually the entire informa...
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Pronab Sen
14 November, 2016
- Perspectives
A closer look at demonetisation
In this article, Gurbachan Singh contends that black money and white money are simplistic concepts; there is a grey area as well. In his view, the economic effects of demonetisation in terms of real e...
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Gurbachan Singh
13 November, 2016
- Perspectives
Nobel prize in Economics 2016: The economy as a nexus of contracts
An important line of research in microeconomics has tried to explain how the economic institutions that underpin the ‘invisible hand of the market’ actually work. The specific economic institution...
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Maitreesh Ghatak
19 October, 2016
- Perspectives
Nobel insights: When it comes to contracts, what's obvious may not be optimal
In a tribute to Oliver Hart and Bengt Holmström, recipients of this year’s Nobel prize in Economics, Rohini Somanathan, Professor of Economics at Delhi School of Economics, outlines their contribut...
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Rohini Somanathan
18 October, 2016
- Perspectives
Are grain procurement shocks inflationary?
Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may...
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Chetan Ghate
Sargam Gupta
Debdulal Mallick
17 October, 2016
- Articles
The contractualisation of India's workforce: Explanations and implications
The employment structure of India’s organised manufacturing sector has undergone substantial changes over the last decade with a steep rise in the use of contract workers in place of regular workers...
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Radhicka Kapoor
P.P. Krishnapriya
31 August, 2016
- IGC Research on India
Land acquisition and structural transformation in Bihar: An analysis of alternative approaches
This project has three main objectives: One, the construction and analysis of a theoretical framework to evaluate the various options open to the government of Bihar to facilitate land acquisition for...
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Sanjay Jain
Chinmaya Kumar
31 August, 2016
- IGC Research on India
Could emerging economies change the rules of the global labour standards game?
In an increasingly global marketplace, the ramping up of trade has drastically altered the way goods are manufactured and sold. In this article, Kuntala Bandyopadhyay, research associate at ICRIER, d...
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Kuntala Bandyopadhyay
24 August, 2016
- Perspectives
Fast breeder reactors and the slow progress of India's nuclear programme
Breeder reactors have always underpinned the claims of India’s Department of Atomic Energy about generating large quantities of electricity. The first Prototype Fast Breeder Reactor was expected to ...
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M.V. Ramana
16 August, 2016
- 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