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Posts by Areendam Chanda

Consumption smoothing and household savings: Role of demographics and durables

Canonical predictions of life-cycle models indicate that households will smooth consumption over their lifetimes. Conversely, empirical data from high-income countries have shown that consumption cont...

  • Articles

Why is Maharashtra's average income five times that of Bihar?

Income gaps among Indian states are large, persistent and increasing over time. Differences in technology and efficiency in production processes have been found to be the primary explanation for inco...

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Evaluating the Performance of the Kisan Credit Card Scheme in Bihar

The Kisan Credit Card (KCC) Scheme was introduced in India in 1998-99 has since become a flagship programme providing access to short-term credit in the agricultural sector. According to the Governmen...

  • IGC Research on India

Bihar Growth in the Context of Modern Growth Theory

India’s second most populous state, Bihar, also remains one of its poorest. This project conducts a longer-term investigation into Bihar’s relatively poor productivity. It surveys the important co...

  • IGC Research on India