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Emergence of Bandhan as a bank: A new era in the Indian banking industry
At a time when the Indian banking industry is experiencing a steep rise in bad loans, Bandhan – an MFI with a near 100% loan recovery rate – has converted into a bank. Based on a survey of 112 Bandha...
- Somdutta Basu Souvik Dutta Abhirup Sarkar
- 27 August, 2015
- Articles
India's monetary policy in unusual times, uncharted waters
There is a lot of discussion of the right course of monetary policy for India. In this article, India’s Chief Economic Adviser Arvind Subramanian argues that the country’s real policy interest rates ...
- Arvind Subramanian
- 26 August, 2015
- Perspectives
Is the policy focus shifting from school education to higher education in India?
The overall allocation for education has been reduced in the 2015-16 union budget, with an increase in allocation for higher education and decrease in allocation for school education. In this article...
- Ashish Bhardwaj Anamika Srivastava
- 25 August, 2015
- Perspectives
The political economy of data
Recent experiences, especially from Scandinavian countries, show that opening administrative data sources can substantially improve public policymaking. In this article, Pande and Blum contend that w...
- Florian Blum Rohini Pande
- 21 August, 2015
- Perspectives
Road to riches: An evaluation of India's rural road programme
Access to roads is believed to be essential for economic growth and poverty alleviation. This column evaluates the short-term impact of Pradhan Mantri Gram Sadak Yojana – India’s flagship rural road ...
- Shilpa Aggarwal
- 19 August, 2015
- Articles
The significance of local power structures in Bihar's coupon-based PDS
In 2007, Bihar introduced the coupon system in PDS to curb leakages at fair price shops. This column argues that even though the administrative logic of the coupon system is fundamentally sound, such...
- Chetan Choithani Bill Pritchard
- 17 August, 2015
- Articles
Moving beyond the growth-versus-redistribution debate
The two dominant narratives on the state of the Indian economy – one centred on growth and the other on poverty – are in a constant state of conflict. In this article, Maitreesh Ghatak, Professor of ...
- Maitreesh Ghatak
- 14 August, 2015
- Perspectives
Is maternal health in India worse than we thought?
Since India does not have a national system to monitor health during pregnancy, the fraction of women of child-bearing age who are underweight - 35.5% - is used as a proxy for the fraction of pre-pre...
- Diane Coffey
- 12 August, 2015
- Articles
India's Monetary Policy Committee: Formation blues
The government and RBI are in the process of finalising the structure of India’s Monetary Policy Committee. In this article, Amartya Lahiri, Professor of Economics at the University of British Columb...
- Amartya Lahiri
- 10 August, 2015
- Perspectives
Charting a course for the Indian economy
Karthik Muralidharan (Associate Professor of Economics, University of California, San Diego) speaks with Arvind Subramanian (Chief Economic Adviser, Government of India) on a broad set of issues rang...
- Karthik Muralidharan Arvind Subramanian
- 05 August, 2015
- Videos
Political distortions in the Indian electricity sector
While political interference is believed to be a major problem plaguing the electricity sector in India, there is little empirical evidence on the existence of political distortions or on their econo...
- Thushyanthan Baskaran Brian Min Yogesh Uppal
- 03 August, 2015
- Articles
He is a criminal but he is our criminal: Criminally accused politicians in India
The recent increase in the number of criminally-accused politicians elected to state assemblies has caused much furore in India. Despite the potentially important consequences and the widely divergent...
- Nishith Prakash Marc Rockmore Yogesh Uppal
- 01 August, 2015
- IGC Research on India