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Macroeconomics

Economic development of Punjab: Prospects and policies

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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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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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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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Boom and Bust: Institutional causes of India's growth slowdown in 2011

The slowdown in India’s growth in 2011 is generally attributed to the global financial crisis and domestic policy paralysis. In this article, Kunal Sen argues that the high growth rates in the 2000...

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Elephant vs. Dragon: Growth and development

The Indian economy expanded by 7.4% during July-September 2015, as compared to China’s growth rate of 6.9% over the same period. In this article, Mahendra Dev, Vice Chancellor of IGIDR, examines th...

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Tolerance and respect for economic progress

In his recent speech at IIT Delhi, RBI Governor Raghuram Rajan contends that ideas are the key to economic growth. The two essentials to keep the ideas factory open are to foster competition in the m...

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China's fitful economic reforms

Last week, IMF elevated China’s yuan to the status of a global reserve currency. In this article, Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, contends that the ...

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India, China and growth forecasts

The World Bank and IMF have predicted that India’s growth rate would overtake that of China in 2015-16. In this article, Kaushik Basu, Senior Vice President and Chief Economist at the World Bank, co...

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Monetary dimensions of the recent Indian inflationary experience

Inflation in India remained at or near double-digit levels between 2009-10 and 2014-15. In this article, Pronab Sen, Country Director, IGC India Central, argues that while the initiation of the infla...

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Productivity and competition in India’s brick industry

Firm productivity has long been considered a key driver of economic growth. Yet there is little understanding of why the competition and innovation that fuels productivity growth in the developed worl...

  • IGC Research on India

Household savings and India's current account deficit

India’s current account deficit widened consistently in the post-crisis period between 2008-09 and 2012-13. This column finds that while the public sector was the key driver of this trend in the fi...

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The rolling global crisis and India

We are in the midst of a global growth crisis that began in 2007. In this article, Ashoka Mody, Professor of International Economic Policy at Princeton University, contends that the pervasive global ...

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Has the recession which began in 2012 ended?

The high growth rates visible in the new GDP data suggest that the recession which began in the first quarter of 2012 has now ended. Based on analysis of data on firms, investment and Balance of Paym...

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India's monetary policy in unusual times, uncharted waters

There is a lot of discussion of the right course of monetary policy for India. In this article, India’s Chief Economic Adviser Arvind Subramanian argues that the country’s real policy interest ra...

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Road to riches: An evaluation of India's rural road programme

Access to roads is believed to be essential for economic growth and poverty alleviation. This column evaluates the short-term impact of Pradhan Mantri Gram Sadak Yojana – India’s flagship rural r...

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Plaksha University

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University of New South Wales

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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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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...

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