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Consequences of the demonetisation shock

In this article, Sudipto Mundle, Emeritus Professor at NIPFP, contends that we are likely to see a significant dip in economic activity till January 2017 or even till the end of the current financial...

  • Perspectives

Food processing industries: Lessons from Bihar

For an industrially backward state like Bihar, placing food processing as the lead sector for industrial development is a natural choice from the perspective of resource advantage and interlinked sect...

  • Articles

Minimum wage legislation for domestic workers: Does it work?

Between 2005 and 2009, for the first time, seven Indian states notified minimum wages for domestic workers. This column evaluates the impact of the legislation in terms of real wages and employment op...

  • Articles

Studying revisions in Indian GDP data

The GDP numbers for a given year undergo a sequence of revisions based on data availability. The periodic revisions are meant to reveal the true picture of the economy, and affect macroeconomic forec...

  • Articles

How do electricity shortages affect industry in India?

Poor electricity supply is widely recognised as a key impediment to firm growth and productivity. This column finds that average reported level of electricity shortages in India reduces annual plant r...

  • Articles

Notes ban: Modinomics vs. Moditics

Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that while the ban on high-denomination currency notes is bad economics, it is a brilliant political move.

  • Perspectives

Demonetisation and rural cooperative banks

The RBI has barred rural cooperative banks from exchanging or accepting the denotified Rs. 1,000 and 500 notes. In this article, Ajay Vir Jakhar of Bharat Krishak Samaj - a non-partisan association of...

  • Notes from the Field

A monetary economics view of the demonetisation

The demonetised Rs. 1,000 and 500 notes were 86% of the total volume of cash in India. In this article, Ajay Shah, Professor at NIPFP, argues that if a significant scale of firm failure were to come a...

  • Perspectives

GDP conundrum: A synoptic view

R Nagaraj, Professor of Economics at IGIDR, summarises the key points of controversy around the methodology and implications of the new GDP series.

  • Perspectives

Going cashless but thinking cash?

In this article, Bappaditya Mukhopadhyay, Professor of Economics and Finance at the Great Lakes Institute of Management, contends that switching from a predominantly cash-based to cashless economy nee...

  • Perspectives

Picking up the pieces

In an earlier article , Pronab Sen, Country Director, IGC India Central, examined some of the economic consequences of the recent demonetisation of Rs. 1,000 and 500 notes in India, and concluded that...

  • Perspectives

GDP conundrum: Some areas of concern around growth overestimation in Indian manufacturing

Based on the new GDP series, large upward revisions in manufacturing growth rates were made – from 1.1% to 6.2% in 2012-13, and from -0.7% to 5.29% in 2013 – 14 that were not reflective of the actual ...

  • Perspectives