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Currency shock: Does the gain justify the strain?

On the evening of 8 November, PM Modi announced that 1,000 and 500 rupee notes will cease to be legal tender post-midnight. In this article, Parikshit Ghosh, Associate Professor of Economics at the D...

  • Perspectives

Politician's pain is poor man's gain: Income distribution in close-election constituencies

Studies have highlighted the role of electoral competition in directing the flow of public funds. Analysing data from India, this column finds lower income inequality and polarisation in tightly conte...

  • Articles

Peer influence and human capital accumulation: Evidence from Delhi University colleges

College is an important milestone in life that is believed to develop several aspects of an individual's human capital, broadly defined to include both cognitive and socio-emotional traits. Consequen...

  • Articles

Surrogacy bill: Implications and way forward

Contributing to the ongoing debate on India’s surrogacy bill, Dutta and Sarkar discuss the potential implications of the bill on the country’s billion-dollar surrogacy industry. They contend that Indi...

  • Perspectives

Kisan Credit Card programme: Expanded access to credit or expansion of credit?

Kisan Credit Card programme - a key reform in agricultural lending in India - has been operational for almost 20 years now. However, there is little empirical evidence of its impact on intended benefi...

  • Articles

Solar micro-grids in India: A reality check

Much of India’s strategy to reduce the use of fossil fuels relies on a transition to solar energy. Based on a survey of potential solar micro-grid customers in Bihar, this column highlights the challe...

  • Articles

Improving School Governance at Scale: A Randomised Evaluation of the Madhya Pradesh School Quality Assessment Programme

Weak governance is a critical constraint in delivering quality education in developing countries. This project conducts a randomised evaluation of one of the most ambitious recent attempts by a develo...

  • IGC Research on India

Assessing the impact of listing on access to finance for small and medium enterprises

Small and medium enterprises are globally viewed as an engine of economic growth. However, growth in this sector is often limited by access to external finance due, in part, to SMEs being informationa...

  • IGC Research on India

A universal basic income to step up economic reform

In this article, Nimai Mehta, Academic Director of the Global Economics and Business Program at the American University, highlights the political challenge of introducing the wider set of reforms nee...

  • Perspectives

What do we know about the wealthy in India? A pre-liberalisation analysis

Academic attention on the metamorphosis and concentration of wealth has so far excluded poor countries. This column analyses wealth distribution in India, post-independence and pre-liberalisation. It...

  • Articles

Can the female sarpanch deliver? Evidence from Maharashtra

One-third of all seats in village councils are reserved for women. The government has proposed an increase in quota to 50%, and in the period of reservation from five to 10 years. Based on a survey co...

  • Articles

Universal basic income for India

In this article, Vijay Joshi, Emeritus Fellow of Merton College, University of Oxford, sets out his proposal for a universal basic income (UBI) in India. He contends that deep fiscal adjustment, in co...

  • Perspectives