Tag Search: “fiscal policy”
India’s debt dilemma
In the fifth article in the Ideas@IPF2023 series, Eichengreen, Gupta and Ahmed reveal how high levels of debt in India limit the resources available for other priorities. At the same time, they predic...
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Ayesha Ahmed
Barry Eichengreen
Poonam Gupta
17 July, 2023
- Perspectives
Is electrification in India fiscally sustainable?
In the first article in the Ideas@IPF2023 series, Barnwal and Ryan describe the completion of household electrification in India as a fiscal feat, notwithstanding the persistent losses recorded by ele...
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Prabhat Barnwal
Nicholas Ryan
11 July, 2023
- Perspectives
Budget 2023-24: Fiscally conservative but lacking economic strategy
The Indian economy’s recovery from the Covid-19 pandemic has not been all good news: employment creation has stagnated, and government capex allocation has not been successful in generating private se...
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Rajeswari Sengupta
27 February, 2023
- Perspectives
Pre-election Budget 2023-24: Short on extravagance, long on substance
The Union Budget presented earlier this month was the last full-year budget before next year's general elections. Rajat Kathuria looks back to India's economic performance in 2014 and suggests that th...
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Rajat Kathuria
22 February, 2023
- Perspectives
Budget 2023-24: Some good and no harm
Following the budget speech, Deepak Mishra weighs in on the extent to which the three goals of higher growth, better distribution, and stability were met. He discusses the Finance Minister’s success i...
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Deepak Mishra
03 February, 2023
- Perspectives
Budget 2023-24: A wish list of priorities
Ahead of the release of the Union Budget for FY2023-24, Chetan Subramanian reveals his expectations about the government’s key priorities and how they could balance multiple objectives. He discusses t...
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Chetan Subramanian
31 January, 2023
- Perspectives
I4I@10 | First Ashok Kotwal Memorial Lecture: The future of development
What is the 'fourth' fundamental law of capitalism? Will capital ‘inherit the earth’? Has the pandemic quickened the intuitive appeal of the capital-labour substitution? Should sovereign funds be base...
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Debraj Ray
I4I Team
30 January, 2023
- Videos
The disruptive market power of foreign portfolio investors in the face of tax threat
Foreign portfolio investors in emerging markets are known to exit host capital markets promptly if any policy changes impose additional costs. Based on an analysis of daily trading data during a perio...
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Hisham Farag
Andrew Marshall
Biwesh Neupane
Suman Neupane
Chandra Thapa
02 November, 2022
- Articles
What contributed to the slowdown of the Indian economy during 2019-20
This article analyses the sources and correlates of the economic slowdown in the Indian economy during 2019-20. It establishes that the slowdown was largely confined to one year, and to the manufactur...
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Poonam Gupta
28 October, 2022
- Articles
Do value-added taxes benefit firms? Evidence from the adoption of state-specific value-added taxes
Value-added tax (VAT) systems have grown popular in the last 30 years, especially among developing countries looking for ways to raise tax revenue efficiently. Using 2000-2012 data on product, state-s...
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David Agrawal
Laura Zimmermann
25 May, 2022
- Articles
An illusory Phillips curve: Is now the right time for a rate hike?
The Phillips curve represents an inverse relationship between inflation and unemployment. In this post, Parantap Basu argues that the ‘illusory’ Phillips curve in western industrial nations is driven ...
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Parantap Basu
19 May, 2022
- Perspectives
Budget 2022-23 and outlook for the Indian economy
Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other han...
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Ashok Kotwal
Pronab Sen
03 March, 2022
- Podcasts