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Posts by Amartya Lahiri

Indian economy: High performer or Potemkin village?

The recent schizophrenic commentary on the health of the Indian economy raises questions on the true state: Is India doing really well or are we just seeing an impressive facade? In this post, Amartya...

  • Perspectives

Bank and its critics

There has been a lot of commentary in recent weeks on the Reserve Bank of India, around its capital base, performance, and autonomy. In this post, Amartya Lahiri contends that RBI has a more coherent ...

  • Perspectives

The demonetisation boondoggle

In this article, Amartya Lahiri, Professor of Economics at the University of British Columbia, argues that all public policy must rely on a clear-headed cost-benefit analysis and the recent demonetisa...

  • Perspectives

Transforming Indian agriculture: The role of credit policy

Despite various policy attempts at priority sector lending to poor farmers, very little progress has been made on the ground, suggesting problems in the design and implementation of these policies. I...

  • Perspectives

India's Monetary Policy Committee: Formation blues

The government and RBI are in the process of finalising the structure of India’s Monetary Policy Committee. In this article, Amartya Lahiri, Professor of Economics at the University of British Colu...

  • Perspectives

The 'urban sprawl' and declining rural-urban inequality

India has experienced rapid urbanisation in the past three decades. Has urbanisation impacted the economic wellbeing of rural and urban workers? This column finds that the rural-urban wage gap has sh...

  • Articles

Saving Behaviour in India: Understanding the differences across castes

The past three decades in India have witnessed a sharp reduction in the historically large gaps in the education levels, occupation choices and wages of the backward castes relative to the rest of the...

  • IGC Research on India

Searching for the soul of monetary policy in India

What is the thinking behind the current policy of the Reserve Bank of India? This column argues that its rules for deciding on India’s interest rates are based on assumptions that hold in developed ...

  • Articles

Macroeconomic Takeoff and Distributional Churning in India

The past 25 years have witnessed a remarkable economic catch-up by the historically discriminated against scheduled castes and tribes (SC/STs) in India towards non-SC/ST levels in terms of their educa...

  • IGC Research on India