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The challenge of job creation

The process of economic transformation that entails labour transitioning from low- to high-productivity activities, been much slower in India than in other Asian countries like China. Why is this so ...

  • Perspectives

Waiting for jobs

Assessing the extent of job creation in India is constrained by lack of comprehensive, real-time employment data. This column presents statistics from a detailed analysis of multiple data sources and ...

  • Articles

Is small beautiful? A critical evaluation of MSME policy and performance in India

Micro, small and medium enterprises (MSMEs) have significance in a labour-abundant country like India, and various policies are in place to promote the sector. Analysing MSME data from various sources...

  • Articles

Bubble in bitcoin or elsewhere?

The price of Bitcoin has skyrocketed. Gurbachan Singh contends that there may or may not be a bubble in cryptocurrencies. If there is a bubble, then the prices will fall eventually, and the story will...

  • Perspectives

Structural transformation and spillovers from ‘Industrial Areas’

A defining feature of economic development is the reallocation of labour from subsistence agriculture to manufacturing. To shed light on this process, this column analyses Karnataka’s Industrial Areas...

  • Articles

How new technologies can raise farm productivity

Lele and Goswami discuss the potential of new technologies in raising farm productivity, and the challenges involved in turning the power of information and other technologies into a farmer-friendly t...

  • Articles

The simple economics of clean air

One of the main reasons why north-western India chokes on smog every November is the burning of residue from the rice crop by farmers. In this article, Somanathan and Gupta contend that public auctio...

  • Perspectives

Smart congestion pricing: Testing travel incentives to reduce congestion in Bangalore

Severe peak-time traffic congestion is endemic in large cities in developing countries, both on roads as well as in public transportation, with important negative consequences. There is a pressing nee...

  • IGC Research on India

Facilitating foreign investment in rupee-denominated debt

On 22 September 2017, the RBI notified that rupee-denominated offshore bonds – popularly known as ‘masala bonds’ – will no longer form part of the limit for investment in corporate bonds by foreign po...

  • Perspectives

Give women credit

Since its inception in the 1970s microfinance has emerged as an important tool to support livelihoods among those who lack access to traditional banking services, though the method has its critics. Er...

  • Articles

Improving nutritional outcomes through conditional cash transfers

The Indian government plans to universalise the Pradhan Mantri Matru Vandana Yojana – a conditional cash transfer programme for pregnant women and lactating mothers that aims to improve maternal and c...

  • Articles

India's slum leaders - II

The second part of the two-part column on slum leaders discusses who these leaders are - their age, professions, and relationships with political parties - and how they build support within their com...

  • Articles