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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 ...

  • 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...

  • 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...

  • 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 ...

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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...

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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 ...

  • 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...

  • 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...

  • 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...

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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...

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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...

  • IGC Research on India

Inclusive finance for inclusive growth: A gender perspective

While research has established that financial inclusion programmes lead to economic upliftment of poor families owing to the participation of women, the evidence on the impact of such programmes on w...

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