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Posts by Abhijit Banerjee

How India’s growth bubble fizzled out

India’s GDP growth has slowed sharply from 8% per annum last year to 5% in the second quarter this year. In this post, Ashoka Mody contends that the ongoing slowdown is not a short-term disruption; ...

  • Perspectives

The need for a total overhaul of the GST regime

The Goods and Services Tax (GST) Council met in Goa in September 2019 to find a way to boost the weakening Indian economy. The Council recommended reductions in GST rates for certain categories of goo...

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Has the National Rural Health Mission improved utilisation of maternal healthcare services in Bihar?

Bihar is a socioeconomically backward state with a persistently poor record with respect to maternal and child health indicators. Based on data from the National Sample Surveys on healthcare, this art...

  • Articles

RCEP trade agreement: The road not taken?

Prime Minister Modi recently announced that India would not be joining the Regional Comprehensive Economic Partnership (RCEP) agreement between Southeast Asian Nations and its free-trading partners. I...

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Banerjee and Duflo’s journey with Pratham

This year’s economics Nobel laureates Abhijit Banerjee and Esther Duflo have worked closely with education NGO Pratham in India for more than 20 years. Over time, this unique partnership of research...

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Draft National Education Policy: Vision for out-of-school children

The draft National Education Policy released in May 2019 took a step forward by recommending an extension of the scope of the right to education act by including pre-primary and secondary education wi...

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Should low-income countries open up to foreign capital? The India experiment

In 2001 and 2006, India introduced the automatic approval of foreign direct investments of up to 51% of domestic firms’ equity to industries in which foreign investment was initially restricted. Thi...

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Lessons from the PMC Bank fiasco

In September, Reserve Bank of India (RBI) had to impose restrictions on Punjab and Maharashtra Co-operative Bank (PMCB) as the latter was found to be involved in a mega loan fraud. RBI has taken steps...

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Does the current economic slowdown warrant a fiscal boost?

The Indian economy is going through an economic slowdown. Several economists have made a case for an expansionary fiscal policy to deal with the slowdown. In this post, Gurbachan Singh argues that it ...

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Approaches to regulation of cryptocurrencies

In June, Facebook announced its plan to create a global, private cryptocurrency, backed by a reserve of assets and held by a network of reputed companies. In the backdrop of changing dynamics of crypt...

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Fifteen years of gender budgeting in India: A Retrospective

In this year’s Union Budget, Finance Minister Nirmala Sitharaman announced that she will constitute a committee to evaluate 15 years of gender budgeting. It entails looking at the budget through the...

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What lies behind this year's economics Nobel

In this post, Maitreesh Ghatak discusses how randomised controlled trials – the use of which was pioneered by this year’s economics Nobel Laureates, Banerjee, Duflo, and Kremer – have been succe...

  • Perspectives