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Posts by Pulapre Balakrishnan

Making sense of the 2024 Economics Nobel

The 2024 Nobel Prize in Economics has been awarded to Acemoglu, Johnson and Robinson “for studies of how institutions are formed and affect prosperity”. In this post, Pulapre Balakrishnan evaluate...

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Growth, well-being and distribution in the last decade – II

In the first part of this two-part series, Balakrishnan and Parameswaran presented an assessment of the performance of the Indian economy on macroeconomic indicators. In this post, they focus on well-...

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Growth, well-being and distribution in India in the last decade – I

As India gets ready to vote in the general election, Balakrishnan and Parameswaran present a comprehensive, evidence-based review of the performance of the Indian economy over the past decade. In the ...

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Effect of food prices on inflation: Is monetary policy an effective tool?

With rising inflation becoming a global concern, Balakrishnan and Parameswaran discuss some explanations for the high inflation in India. They find that inflation was driven by a domestic rise in food...

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Growth in India: Narratives and evidence

There are various narratives on the trajectory of India’s economic growth, and its key determining factors. This article analyses the recently released GDP data series at 2011-12 prices, extending b...

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Evaluating inflation targeting in India

In March 2021, India will complete five years since the adoption of the inflation targeting framework by the government and RBI. Analysing inflation data since 1996 using alternative models, this arti...

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Book review: 'India’s long road' by Vijay Joshi

In this article, Pulapre Balakrishnan, Professor of Economics at Ashoka University, reviews Vijay Joshi’s book, ‘India’s long road: The search for prosperity’.

  • Perspectives