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Macroeconomics

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...

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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...

  • Perspectives

Monkeying with the rupee

In this article, Debraj Ray discusses the sharp depreciation of the rupee and the ongoing outflow of foreign capital from India. Further, he refutes claims that the costs associated with the Food Sec...

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India's five-year plan-what's the big deal?

‘Faster, inclusive, and more sustainable growth’ is the defining motto of India’s latest economic plan. But how will it work? This column outlines the five big ideas in India’s Five-Year Plan.

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For the New Year

Five months ago we launched this portal to start new conversations on issues of vital importance for Indian growth and development. We had hoped that by making serious research accessible to lay peop...

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Himayat - A silent skills revolution in the making

In this Note from the Field, Varad Pande of the Ministry of Rural Development discusses the Himayat programme in Jammu and Kashmir which offers skills-training and a job to unemployed young people in ...

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The political economies of land acquisition

India is in the process of reforming the way that land is bought and sold – a source of heated debate as many blame the current laws for unfairly forcing millions from their homes and livelihoods. T...

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Is economic growth always the best policy?

Is economic growth the best way to reduce poverty, raise life expectancy, and improve people’s health? This column looks at different Indian states over the last 20 years. It argues that governments...

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Developing a Land Acquisition Policy for India

The Land Acquisition Bill is a key piece of legislation under consideration in the Indian Parliament. This column argues that the current policy on compensating landowners, as proposed in the Bill, is...

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Monetary policy in India and other developing countries

Setting interest rates and controlling inflation is an altogether different challenge in countries like India. This column argues that in many developing countries, the financial system is still too u...

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The value of land administration information for financial development

While the effect of improved property rights on economic development has been extensively studied, the specific relationship between better land administration information and improved credit access i...

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Measuring India's Capital Control Regime

India’s policies on international capital flows are extremely complex, in part due to the absence of a consensus on the value of capital account controls. This column argues that the tools for measu...

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Searching for the soul of monetary policy in India

What is the thinking behind the current policy of the Reserve Bank of India? This column argues that its rules for deciding on India’s interest rates are based on assumptions that hold in developed ...

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Mahatma Gandhi National Rural Employment Guarantee Scheme: Falling demand or funds crunch?

The National Rural Employment Guarantee Scheme (MNREGS) – India’s flagship job guarantee scheme - provides every rural household in India with a guaranteed 100 days of work in a year at minimum wa...

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Understanding the differing fortunes of poor people in India and China

It is no secret that India and China have both been growing impressively and that the incidence of extreme poverty has been falling. But this column shows that if India’s economic growth had been as...

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Centre for Catalyzing Change

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National University of Singapore

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London School of Hygience and Tropical Medicine

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Delhi School of Economics

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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...

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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...

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Renewable energy and India's future

In the world’s second-most populous country, it is unsurprising that the topic of energy supply should be a key issue – and, in particular, its sustainability. This column completes a series on I...

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