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Macroeconomics

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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Self-employment: Elephant in the room

While nearly half of the labour force in India is self-employed, persistent low standards of living on a large scale imply that not many of these are ‘entrepreneurs’. Much of the self-employment ...

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An economist’s view on recent domestic and world events

Dilip Mookherjee spoke to Hindu Business Line at length on a variety of issues including demonetisation, the upcoming Budget, and the Trump Presidency’s impact on the world economy.

  • Perspectives

Smart meters for promoting energy efficiency in rural India

This project brings experimental and quasi-experimental research methods to bear on important issues confronting rural electrification initiatives.

  • IGC Research on India

How to go about chasing black money

In the context of demonetisation, Indira Rajaraman argues that the focus of any sustainable reform of the taxation structure must be on reducing flows of tax evasion, not going after existing caches o...

  • Perspectives

Land acquisition: Need for a shift in discourse?

Empirical evidence increasingly shows that farmers are willing to have their land acquired if the price-compensation package is acceptable. Given this trend, Dhanmanjiri Sathe argues that the discours...

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Do firms in India perceive themselves to be e-ready?

Government of India’s ‘Digital India’ programme seeks to transform the country into a digitally-empowered society and knowledge economy. This column presents region-wise findings of a perceptio...

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Rural electrification in India: Focus on service quality

India has set an ambitious goal of achieving high-quality electricity supply for all households by 2019, and impressive progress has been made in increasing the number of household electricity connect...

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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...

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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...

  • Articles

Terms of trade stocks 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...

  • 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...

  • 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.

  • 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’.

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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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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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I4I Panel Discussion: The challenge of job creation

In a recent I4I editorial, Ashok Kotwal described the challenge of job creation that is facing the Indian economy today. In December 2017, Prof. Kotwal moderated a panel discussion on the topic betwe...

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