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
India's unique crisis
While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In the ...
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Devesh Kapur
Arvind Subramanian
16 December, 2013
- Perspectives
The crisis in Indian manufacturing
Manufacturing sector growth in India has fallen from over 9% to a dismal 1% in the past couple of years. This article discusses the factors that have caused a slowdown in organised and unorganised ma...
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Jayan Jose Thomas
13 December, 2013
- Perspectives
Can India grow faster again?
India’s growth prospects seem gloomy. This article argues that India can grow fast again even in the current global economic climate as it is different from other emerging economies in a number of i...
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Nirvikar Singh
06 December, 2013
- Perspectives
The Reserve Bank's mission impossible?
India’s current inflation is unprecedentedly high – not in absolute terms but relative to the rest of the world. This article discusses the role of inflation in the recent currency crisis, and ar...
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Arvind Subramanian
29 November, 2013
- Perspectives
What saved the rupee?
This article analyses the dramatic fall of the rupee between May and August this year, and its recovery thereafter. It asserts that it was primarily external factors and an unconventional interventio...
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Arvind Subramanian
06 November, 2013
- Perspectives
Exchange rate movements and Indian firms' exports
Understanding the effects of exchange-rate changes on a country’s trade balance calls for an analysis of how exchange-rate fluctuations affect the decisions of individual firms. This column explore...
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Yin Cheung
Rajeswari Sengupta
01 November, 2013
- Articles
The new land law: Are the states up to the challenge?
In the third part of the land law debate, Ram Singh asserts that the Act is biased against projects of state governments, and emphasises the need for states to undertake long overdue land reforms. He...
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Ram Singh
25 October, 2013
- Perspectives
The Land Acquisition Act is deeply flawed
In the second part of the Land Acquisition Act debate, Ghatak and Ghosh argue that the legislation is ill-conceived and falls short on several counts. They contend that the formula for compensation is...
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Maitreesh Ghatak
Parikshit Ghosh
23 October, 2013
- Perspectives
A 'new' land reform policy in India?
The Ministry of Rural Development has recently issued a draft of a new National Land Reform Policy. In this article, Dilip Mookherjee discusses the key features, and presents his views on the pros an...
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Dilip Mookherjee
11 October, 2013
- Perspectives
Short-term migration and child welfare
While much has been said about the poor working and living conditions of short-term migrants, relatively little is known of the impact of short-term migration on child welfare. This column finds that ...
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Diane Coffey
07 October, 2013
- Articles
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 Secu...
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Debraj Ray
04 September, 2013
- Perspectives
Choosing to be trained: Behavioural restrictions on participation decisions
Widespread unemployment has prompted policymakers to consider introduction of various training programmes that can help workers accumulate additional skills to obtain new jobs and/ or retain current ...
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Utteeyo Dasgupta
Lata Gangadharan
Pushkar Maitra
Subha Mani
Samyukta Subramanian
02 September, 2013
- 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