Budget 2021-22: Healthcare takes centre stage, again
Assessing the 2021-22 Union Budget from a health-sector perspective, Coffey and Spears contend that improving India’s health outcomes will require old solutions to old problems – and this sort of thing is hard to find in a ‘new’ budget. In particular, they advocate for increased allocation f...
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Dean Spears
Diane Coffey
24 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Human Development
Year: 2021
Covid-19 and other diseases: An ‘Animal Farm’ perspective
Debraj Ray and S Subramanian contend that despite the apparent sentiment of ‘we are all in this together’, the global burdens of Covid-19 and the global benefits of anti-Covid-19 policy have been skewed against the poorer nations of the world, and within nations, against the poor and the vulnera...
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Debraj Ray
S. Subramanian
23 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Human Development
Year: 2021
Budget 2021-22: Case for a ‘bad bank’
A key announcement in the 2021-22 Union Budget is the formation of a ‘bad bank’, to better manage the problem of non-performing assets in the financial services ecosystem. In this post, Ananth Narayan contends that given the huge overhang of stressed assets, such a one-time bespoke resolution m...
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Ananth Narayan
22 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Money & Finance
Year: 2021
Regionalist party representation and tribal insecurity
Observers have long been ambivalent about regionalism as a principle underlying the organisation of politics. Analysing data from India, this article shows that when regionalist parties win elections, there is an increase in local violence, caused by heightened insecurity among local minority groups...
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Arvind Magesan
Sacha Kapoor
19 February, 2021
- Articles
Content Type: Articles
Topic: Governance
Year: 2021
Budget 2021-22: Agriculture, procurement, and food security
Discussing agriculture, procurement, and food security in the context of the 2021-22 Budget, Hussain and Mohapatra contend that reforms affecting millions of farmers can only be achieved by preparing a 10-year roadmap in consultation with the states and other stakeholders.
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Jugal Mohapatra
Siraj Hussain
18 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Agriculture
Year: 2021
Inflation targeting in India: An interim assessment
Inflation targeting in India is a work-in-progress, with a five-year review due by March 2021. This article presents an interim assessment suggesting that significant progress has already been achieved to date: this is evident in the reduced volatility of a range of inflation-related outcomes and in...
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Barry Eichengreen
Poonam Gupta
Rishabh Choudhary
17 February, 2021
- Articles
Content Type: Articles
Topic: Macroeconomics
Year: 2021
An agenda for agricultural reforms
As the farmers’ protests continue, Barun Mitra outlines some of the key issues that could help understand the current political deadlock over the three new farm laws, and suggests possible ways to reaching a wider consensus on agricultural reforms.
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Barun Mitra
16 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Agriculture
Year: 2021
Budget 2021-22: A political economy perspective
Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a shift away from welfarism.
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Yamini Aiyar
15 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Macroeconomics
Year: 2021
Budget 2021-22: Does it address structural issues?
Highlighting some of the key features of the 2021-22 Union Budget, Sarthak Agarwal contends that although this Budget was presented in an exceptionally difficult period for the Indian economy, policymakers have remained cognisant of the structural challenges facing the country.
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Sarthak Agrawal
12 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Macroeconomics
Year: 2021
Did MNREGA cushion job losses during the pandemic?
The 2021-22 Budget allocation for MNREGA is 34% lower than the revised estimates for the programme in 2020-21. Analysing official MNREGA data, this article suggests that districts that have historically exhibited high State capacity to utilise MNREGA funds, have been better able to use the additiona...
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Farzana Afridi
Kanika Mahajan
Nikita Sangwan
11 February, 2021
- Articles
Content Type: Articles
Topic: Poverty & Inequality
Year: 2021
Boosting India’s capital goods’ exports
Union budget 2021-22 has proposed a sharp 34.5% hike in capital expenditure, which is expected to boost the capital goods sector. While the sector has grown since liberalisation, its share in the global export market is under 1%, and there is heavy dependence on imports. Analysing trade data for the...
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Parthapratim Pal
Swathysree S S
10 February, 2021
- Articles
Content Type: Articles
Topic: Trade
Year: 2021
Budget 2021-22: A passing grade
Assessing the 2021-22 Union Budget, Bhaskar Dutta argues that while there are several positive features, the overall thrust is disappointing because it does not address the needs of the poor.
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Bhaskar Dutta
09 February, 2021
- Perspectives
Content Type: Perspectives
Topic: Macroeconomics
Year: 2021



