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Tag Search: “fiscal policy”

Responding to external shocks

Following the global financial crisis of 2007-08, the Indian economy was exposed to various shocks. While the major source of shocks was external, the effects were magnified by certain lapses in dome...

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Promoting the use of a novel water-saving agricultural technology among Indian farmers

The Met Department has forecasted a below-normal monsoon in India this year. This column analyses the demand for a water-saving agricultural technology — laser land levelling — among farmers in Uttar...

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14th Finance Commission: A trust-based approach towards local governments

The 14th Finance Commission has been hailed as ‘path-breaking’ for recommending larger fund allocations to state governments and giving them more autonomy in spending these funds. In this article, Me...

  • Perspectives

Getting centre-state relations right for health in India

The 14th Finance Commission has recommended devolving a greater share of revenues to states in order to give them more control over spending. In this article, Amanda Glassman and Anit Mukherjee exami...

  • Perspectives

The 2015-16 Union budget and India's growth

The 2015-16 Union budget – the first full-year budget of the new government – was presented last week. In this article, Nirvikar Singh, Professor of Economics at the University of California Santa Cr...

  • Perspectives

Evaluating the risks of inflation targeting in India

The adoption of flexible inflation targeting by the Indian government and RBI is a landmark change in the country’s monetary policy. In this article, Renu Kohli - a macroeconomic policy specialist - ...

  • Perspectives

Modi's economic reforms: Foundation laid but time running out

Anticipation is running high that the Modi government will announce sweeping economic reforms in their first full-year budget, especially since their tenure so far has been bereft of any dramatic cha...

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'Cry, the Beloved Country': Mending Punjab's economy

The growth rate of Punjab, which once ranked among India’s most affluent states, is slowing. In this article, Nirvikar Singh, who holds the Sarbjit Singh Aurora Chair of Sikh and Punjabi Studies at U...

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India's macroeconomic outlook

With falling inflation, high forex reserves and the new government embarking on a broad reform agenda, things seem to be looking up for India. In this article, Eswar Prasad shares his macroeconomic o...

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Estimating kerosene leakages from the Public Distribution System

Kerosene – the primary fuel used by the poor in India for cooking and lighting – is made available at subsidised rates by the government through the Public Distribution System. This column seeks to e...

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Economics of public pension: Analysing India's old-age pension scheme

India’s older population aged 60 or above, is the second largest in the world. This column analyses the effects of India’s National Old Age Pension Scheme on the wellbeing of the elderly. It recommen...

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Goods and Services Tax in India: Challenges and prospects

The Finance Ministry recently announced that the Goods and Services Tax will soon be a reality. In this article, M. Govinda Rao – member of the 14th Finance Commission – discusses the challenges and ...

  • Perspectives