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Tag Search: “fiscal policy”

Covid-19: Consequences for state finances

When Covid-19 pandemic started in India, given that health is a state subject, individual states reacted as best they could under state-level legislations. However, as more than 60% of all economic ac...

  • Perspectives

Covid-19: Ashok Kotwal speaks with Pronab Sen

In conversation with Ashok Kotwal on the ongoing economic crisis caused by lockdown to mitigate Covid-19 spread, Pronab Sen breaks down the problem into survival of individuals and livelihoods, and th...

  • Podcasts

Covid-19 and MSMEs: The ‘identification’ problem

A recent survey of 5,000 micro, small, and medium enterprises (MSMEs) found that 71% of them could not pay salaries to their workers in March 2020 due to the Covid-19 lockdown in India. The government...

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Covid-19: The infected economy

India, along with much of the world, is now in a lockdown. But the cost of locking down the country is particularly high for the urban poor in India. Besides, the reality of urban living reduces the e...

  • Perspectives

Financing of fiscal response to Covid-19: A red herring?

Governments around the world are frenetically announcing an expanding slew of rapid response measures to address the fallouts of Covid-19 pandemic. The fiscal price tag on these measures is massive an...

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Covid-19: Reserves to the rescue

On 27 March 2020, the Government of India announced a relief package of Rs. 1.7 trillion to deal with the Covid-19 crisis and its possible adverse effects on the economy. A view put forth by critics i...

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Covid-19: Dealing with the economic consequences

In the last two weeks, the Covid-19 pandemic has turned the world economy upside down, and all indicators point to one of the sharpest economic contractions in modern times. In this post, Ram Singh di...

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Covid-19: Macroeconomic implications for India

Due to the measures adopted to prevent the spread of the Coronavirus Disease 2019 (Covid-19), especially social distancing and lockdown, non-essential expenditures are being postponed. This is causing...

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Union Budget 2020 and India’s economic future

In this post, Nirvikar Singh discusses what we can learn from the recently presented Union Budget about the possible direction of India’s economy. He contends that, though the Budget is positive in te...

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Union Budget 2020: Preference for infra spending, divestment, and directing resources to middle class

Finance Minister Nirmala Sitharaman presented the Union Budget for 2020-21 on 1st February – at a time when economy is facing an economic slowdown. In this post, Niranjan Rajadhyaksha contends that ev...

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Fiscal policy and economic activity in South Asia

The Indian economy is currently experiencing a sharp slowdown, and the government has reacted with corporate tax cuts and a large infrastructure initiative. Using annual data from 1987-2017 for six So...

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There are none so blind as they who will not see

Based on Government of India’s own data, the government and the community of economists in India have come up with different narratives about the position of Indian economy. In this post, Pronab Sen h...

  • Perspectives