From tapering to tightening: The impact of the Fed's exit on India
India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a convenient target for investors seeking to rebalance away from emerging markets. Second, macroeconomic...
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Barry Eichengreen
Kaushik Basu
Poonam Gupta
27 November, 2014
- Articles
Content Type: Articles
Topic: Macroeconomics
Year: 2014
The Bihar story: Resurrection of the state
In the not so distant past, the Indian state of Bihar was a byword for corruption, lawlessness, poverty, and absence of governance. Over the last decade or so, the state has demonstrated a remarkable turnaround and has consistently been amongst the fastest growing regions in the country. At IGC Grow...
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Jitan Manjhi
26 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Governance
Year: 2014
Do awareness programmes on TV help change prejudices?
Awareness-based TV programmes, such as Satya Mev Jayate hosted by Bollywood film personality Aamir Khan, aim to change deep-seated prejudices of the society. To what extent do such programmes influence behaviour? This column seeks to answer this question by examining results from an experiment relat...
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Nabanita Datta Gupta
Ritwik Banerjee
24 November, 2014
- Articles
Content Type: Articles
Topic: Social Identity
Year: 2014
How gender-inclusive is MNREGA in practice?
MNREGA mandates that a third of all workers under the programme should be women. But how gender inclusive has the implementation of the Act been? This column uses nationally representative data to analyse participation of women in MNREGA. It finds that while the programme has performed well overall...
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Upasak Das
21 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Social Identity
Year: 2014
The Planning Commission and federal transfers
A key function of the Planning Commission was to allocate financial assistance from the centre to the states in support of the five-year plan. In view of the impending replacement of the Planning Commission, Antra Bhatt Hakhu analyses the nature of federal transfers – both by the Planning Commiss...
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Antra Bhatt Hakhu
20 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Macroeconomics
Year: 2014
Politics and MNREGA: A limited Link in Andhra Pradesh
The Ministry of Rural Development claims that MNREGA needs to be changed in order to reduce politics and corruption in the scheme. One of the studies cited by the Ministry is an analysis of the extent of political manipulation of MNREGA funds in Andhra Pradesh. In this column, the authors of the st...
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Christopher B. Barrett
Megan Sheahan
Sudha Narayanan
Yanyan Liu
19 November, 2014
- Articles
Content Type: Articles
Topic: Governance
Year: 2014
Challenges and priorities for financial sector reform in India
I4I Editor Nirvikar Singh (Professor, University of California, Santa Cruz) interviews K.P. Krishnan (Former Additional Secretary, Department of Economic Affairs, Ministry of Finance) on the central government’s plans and priorities for financial sector reform, and associated challenges. Dr Krish...
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K.P. Krishnan
Nirvikar Singh
17 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Money & Finance
Year: 2014
MNREGA's swan song: Not everyone's idea of achche din
Over the last few months, the central government announced a set of measures to restrict MNREGA. The rationale essentially revolves around corruption in the scheme and lack of economic viability. In this article, Amitava Gupta refutes this justification and argues that the attack on MNREGA is a att...
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Amitava Gupta
14 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Poverty & Inequality
Year: 2014
(Mis)Leading attack on MNREGA
Bhagwati and Panagariya have argued for phasing out MNREGA in favour of cash transfers. In this article, Abreu et al. contend that the argument is based on inflating the costs of the programme and deflating the benefits. While they do not claim that all is well with MNREGA, they believe it needs be...
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Ashok Kotwal
Debraj Ray
Dilip Mookherjee
Dilip Abreu
Maitreesh Ghatak
Pranab Bardhan
12 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Poverty & Inequality
Year: 2014
Financing Sanitation
The Government of India has set a rather ambitious goal of eliminating open defecation by 2019. For urban areas, this implies providing toilets to about 22 million households. This column contends that it is possible to achieve this goal if the limited public funds are leveraged to facilitate innov...
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Dinesh Mehta
Meera Mehta
11 November, 2014
- Articles
Content Type: Articles
Topic: Human Development
Year: 2014
Slow and steady: Lessons from MNREGA
As the new government in India is considering changes to MNREGA, it is timely to reflect on its implementation trajectory so far. In this note, Adhikari and Sabhikhi discuss five aspects of programme delivery under MNREGA pertaining to management information systems, financial inclusion, fund manag...
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Anindita Adhikari
Inayat Sabhikhi
10 November, 2014
- Notes from the Field
Content Type: Notes from the Field
Topic: Governance
Year: 2014
Mega-trading blocs: Where does India stand?
Emerging multilateral trading agreements, resulting in mega-trading blocs, seem to be replacing global negotiations through the WTO. In this article, Sharmila Kantha assesses the potential impact of these trading agreements on India, and contends that Indian policymakers and businesses would need t...
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Sharmila Kantha
07 November, 2014
- Perspectives
Content Type: Perspectives
Topic: Trade
Year: 2014