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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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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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Are grain procurement shocks inflationary?

Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may...

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The contractualisation of India's workforce: Explanations and implications

The employment structure of India’s organised manufacturing sector has undergone substantial changes over the last decade with a steep rise in the use of contract workers in place of regular workers...

  • IGC Research on India

Land acquisition and structural transformation in Bihar: an analysis of alternative approaches

This project has three main objectives: One, the construction and analysis of a theoretical framework to evaluate the various options open to the government of Bihar to facilitate land acquisition for...

  • IGC Research on India

Could emerging economies change the rules of the global labour standards game?

In an increasingly global marketplace, the ramping up of trade has drastically altered the way goods are manufactured and sold. In this article, Kuntala Bandyopadhyay, research associate at ICRIER, d...

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Fast breeder reactors and the slow progress of India's nuclear programme

Breeder reactors have always underpinned the claims of India’s Department of Atomic Energy about generating large quantities of electricity. The first Prototype Fast Breeder Reactor was expected to ...

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Is India a tax haven for the rich?

In April, the government released tax data, which provided a break-up of taxes by income categories for the year 2012-13. In this article, Himanshu, Associate Professor at Jawaharlal Nehru University...

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Analysing worker responses to a contract change

Higher-powered incentives are generally believed to increase worker productivity. In the context of an Indian tea plantation, this column examines a contract change wherein baseline wages were increas...

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A comparison of automobile industries in India and China

The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently ...

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Inflation targeting: A long way to go

The Finance Bill, 2016, amended the Reserve Bank of India (RBI) Act, 1934, to define inflation targeting as the primary objective of the central bank. In this article, Rajeswari Sengupta, Assistant P...

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India's housing situation

The ‘Housing for all’ scheme was launched by the Government of India in June 2015, with the objective of constructing 20 million houses for the urban poor by 2022. In this article, Roshan Kishore...

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Why is labour mobility in India so low?

Rural-to-urban migration is surprisingly low in India, compared with other large developing countries, leaving higher paying job opportunities unexploited. This column shows that well-functioning rura...

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How do rural roads affect development? Evidence from India

Despite broad consensus that high transportation costs are a large barrier to economic development, many of the world’s poor live in rural communities without paved roads, impeding their access to o...

  • IGC Research on India

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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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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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