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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...

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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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When windmills tilt: The FRBM debate?

In this article, Dr Pronab Sen presents his views on the ongoing debate on the Fiscal Responsibility and Budget Management Act.

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Highway network designs and regional economic development

The Indian National Highway Development Project and its components such as the Golden Quadrilateral or the North-South and East-West corridors are planned to alleviate constraints due to insufficient...

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Community origins of industrial entrepreneurship: Theory and historical evidence from India

The transition from agriculture to trade and the subsequent transition from trade to manufacturing are key stages in the development process. In countries where a substantial manufacturing sector exis...

  • IGC Research on India

Infrastructure and economic growth: The role of airports

Given that banking sectors in low-income countries are inefficient, why don’t lenders from wealthier countries profitably lend to productive firms in these countries? One possibility is that foreign...

  • IGC Research on India

On India's latest GDP numbers

India’s latest GDP data shows that the economy grew at 7% in the previous quarter, despite demonetisation. In this article, Abhijit Banerjee discusses why the new numbers are likely to be an overest...

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The dangers that lie beneath India's IT layoffs?

The ongoing layoffs in India’s IT sector are at a scale that has not been seen since the global financial crisis of 2008. In this article, Maitreesh Ghatak, Professor of Economics at LSE, contends t...

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Land acquisition and corporate investment: Legacy of historical land ceiling legislations?

Firms in India often find it difficult to purchase land, resulting in projects being delayed, relocated, or cancelled. Analysing firm- and state-level data, this column explores the impact of post-in...

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How India can reduce the size of its black economy

In this article, Parag Waknis contends that if the Indian government is serious about addressing the black economy, fundamental changes in the structure and organisation of the economy and politics ar...

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Chasing one's own tail: Dealing with tax non-compliance

A key, stated objective of the recent denotification of high-denomination currency notes was to eliminate black money arising from tax evasion, and to expand the tax net. In this article, Sangram Gaik...

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Reviving the informal sector from the throes of demonetisation

While recent measures announced by the government indicate some awareness of the hardships inflicted on the informal sector by the note ban, more needs to be done. In this article, Bhattacharya, Mitra...

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Union Budget 2017-18: No amends for the sins of demonetisation

Commenting on India’s Union Budget 2017-18, Siddharth Varadarajan, a Founding Editor of The Wire, contends that dealing with the aftereffects of demonetisation requires a fiscal and monetary boost, ...

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India's Union Budget 2017-18: Status quo for the social sector

On 1 February, The Finance Minister of India presented the Union Budget 2017-18. In this article, Yamini Aiyar, Director of Accountability Initiative, contends that for social policy, the Budget sugg...

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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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