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Chetan Subramanian
Professor Chetan Subramanian joined Indian Institute of Management (IIM) Bangalore as an Associate Professor in the economics area in May 2010. Prior to joining IIM Bangalore, he was a faculty member at the University Of Buffalo, New York (SUNY). His research interests lie in the areas of monetary economics, financial markets, and development economics and his work has appeared in leading journals such as the Journal of Money Credit and Banking, Economic theory, Canadian Journal of Economics, Economic Development and Cultural Change.
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Budget 2023-24: A wish list of priorities
Ahead of the release of the Union Budget for FY2023-24, Chetan Subramanian reveals his expectations about the government’s key priorities and how they could balance multiple objectives. He discusses the past year's focus on capital expenditure, which is likely to continue. He also highlights the need to focus on incentivising affordable housing; make appropriate allocations to states; and ensure employment growth to boost consumption. Expenditure on rural infrastructure and healthcare are also expected to be priorities, with this budget focussing on continuity.
The online marketplace as a source for price data
The Indian e-commerce industry is set to grow at over 30% over the next decade, potentially making the online market a repository of information related to some key parameters of the economy such as inflationary pressures. To assess the credibility of online price information, this article compares the official food and beverages consumer price index with an online price index created with data from a leading online retailer.
Debt contract enforcement and product innovation
Weak enforcement of debt contracts can have undesirable consequences for financial development, as difficulty in recovering claims from distressed firms causes banks to reduce lending. Leveraging the staggered implementation of debt recovery tribunals across Indian states, this article shows that the legal reform had a positive impact on product growth in firms – as such innovation require considerable upfront investment and access to credit.