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A world of no lockdowns: The case of South Korea and Sweden

While most of the world was under lockdown during the Covid-19 pandemic of 2020, two countries, Sweden and South Korea, decided to keep their economies open. In this post, Bhatia et al. use a metric of six categories to compare the measures taken by the two countries in their respective economies la...

  • Perspectives

Content Type: Perspectives
Topic: Macroeconomics
Year: 2021

‘Bad bank’: A good idea in bad times

Commenting on the ‘bad bank’ proposal of the 2021-22 Union Budget, K Srinivasa Rao contends that the bad bank is a good idea in bad times – as a transitory solution with defined timelines – but it cannot be a permanent panacea to fault lines in the quality of credit administration.

  • Perspectives

Content Type: Perspectives
Topic: Money & Finance
Year: 2021

India’s new labour codes: A pre-condition for long-run growth

The Ministry of Labour and Employment has recently notified four new labour codes, which are expected to be implemented from April 2021. Assessing the impact of the policy changes around hiring-and-firing, trade union membership, and working hours, Aakanksha Shrawan argues that the proposed reforms ...

  • Perspectives

Content Type: Perspectives
Topic: Productivity & Innovation
Year: 2021

Drought relief by state governments: Evidence from South India

In developing countries, extreme climate events can have disastrous consequences for vulnerable populations. This article analyses state government’s responses to droughts in South India during 2008-2019, and shows that the allocation of relief by state governments is not solely driven by the goal...

  • Articles

Content Type: Articles
Topic: Agriculture
Year: 2021

DUET re-examined

In September 2020, Jean Drèze’s proposal for an urban work programme called DUET (Decentralised Urban Employment and Training) was presented on I4I. This was followed by an extensive symposium in whicheminent economists and practitioners provided their perspectives on the proposal. In this post, ...

  • Perspectives

Content Type: Perspectives
Topic: Poverty & Inequality
Year: 2021

Gendered breadwinner norms and work decisions

The male breadwinner norm – the idea that a man must earn more than his wife – can potentially impact labour-market outcomes of married women. Using nationally representative data from India for the period 1983-2012, this article shows that if the wife’s share of income in the family exceeds t...

  • Articles

Content Type: Articles
Topic: Social Identity
Year: 2021

‘Missing’ women in economics academia in India

Economics continues to be among the male-dominated disciplines in the US and Europe. Collating and analysing data from India on university faculty, research presentations at a major annual conference, and journal publications, this article examines the gender gap in academia in the field of economic...

  • Articles

Content Type: Articles
Topic: Social Identity
Year: 2021

Evaluating India’s maternal cash transfer programmes

Over the years, India has implemented several programmes to overcome the issue of poor maternal and child health which can affect long-term physical and cognitive development. Using nationally representative data to study the impact of the current state maternity health benefits programme, this arti...

  • Articles

Content Type: Articles
Topic: Human Development
Year: 2021

Of twists and turns: Monetary policy and ‘term premium’

As India’s economic growth slowed down in recent years, the reliance on monetary policy to stimulate growth increased significantly – especially during the pandemic. Analysing data from 2018-2020, Rajeswari Sengupta and Harsh Vardhan show that conventional and unconventional monetary policy acti...

  • Perspectives

Content Type: Perspectives
Topic: Macroeconomics
Year: 2021

International Women’s Day 2021

8 March is observed across the world as International Women’s Day. This year the theme is “choose to challenge”, focussing on the choice to challenge gender bias and inequality, celebrate women's achievements, and help create an inclusive world. Watch this space – and our social media pages ...

  • Perspectives

Content Type: Perspectives
Topic: Social Identity
Year: 2021

In-kind transfers as insurance

Academics and policymakers worldwide are leading the push towards unconditional cash as the preferred mode of transfer from the government to the poor. Yet surveys across countries find that large proportions of citizens prefer in-kind transfers. This article describes a new rationale for households...

  • Articles

Content Type: Articles
Topic: Poverty & Inequality
Year: 2021

‘Outside’ managers’ productivity, firm dynamics, and economy growth

In developed countries, many industrial giants have humble beginnings as small, family-owned businesses, but nonetheless expand to hundreds of thousands of employees over time by relying on professional managers running key operations. Why does this not occur to the same degree in India? This artic...

  • Articles

Content Type: Articles
Topic: Productivity & Innovation
Year: 2021