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Posts by Ila Patnaik

I4I Panel Discussion: The way forward for the Indian economy

In December 2018, I4I organised a panel discussion on ‘The Way Forward for the Indian Economy’ with K.P. Krishnan (Ministry of Skill Development and Entrepreneurship), T.N. Ninan (Business Standar...

  • Videos

How tax incentives influence household financial saving

Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...

  • Articles

Union Budget 2018: Not as expansionary as appears at first blush

In this article, Ila Patnaik assesses the implications of the recently announced Union Budget for inflationary expectations and monetary policy.

  • Perspectives

When higher volatility is good news

Conventional wisdom suggests that access to financial services such as banks and bond markets, providing savings and borrowing instruments, allows smoothing consumption over lifetime, irrespective of...

  • Articles

Foreign currency borrowing by Indian firms: What do we know?

As foreign currency borrowing by Indian firms has been increasing, concerns have surfaced about rising associated risks. Hence, recent policy changes seeking to make the regulatory regime simpler and...

  • Articles

Foreign borrowing by Indian firms: Implications for growth and macroeconomic stability

This project analyses the pattern of external borrowing by Indian firms, an exercise that has as yet not been carried out. It identifies possible drivers of such borrowing.

  • IGC Research on India

Where is India's growth story headed?

The global financial crisis and domestic policy paralysis led to a decline in firms’ investment activities and investors’ business confidence in India. Could this have affected the economy’s lo...

  • Articles

Foreign investors under stress: Evidence from India

Emerging market policymakers are concerned about the effects of foreign portfolio flows on financial stability. This column focuses on the behaviour of investors in extreme events, allowing for the po...

  • Articles

Foreign investors under stress: Evidence at the firm level

Emerging market policymakers have been concerned about the financial stability implications of financial globalisation. These concerns are focussed particularly on behaviour under stressed conditions.

  • IGC Research on India

Capital controls in India: Did they work?

Are capital controls the right way to manage an economy? This column looks at what we can learn from India’s experience, where capital controls have never been fully dismantled.

  • Articles

Does Foreign Institutional Investment in India Increase Financial Vulnerability? An Empirical Investigation Using an Event Study Approach

Emerging market policymakers are concerned about the effects of foreign portfolio flows on financial stability. Do tail events in the home country trigger off extreme responses by foreign investors an...

  • IGC Research on India