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Tag Search: “growth”

Forecasting long-run Indian GDP using high-dimensional big data

This article describes an attempt to forecast of India's long-run GDP, which uses using quarterly data on macroeconomic variables from 1996-2021, and a dynamic factor model to establish long-run trend...

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Growing threats to global trade

After an era of hyperglobalisation in the 1990s, there has been a clear change in policy and public attitude toward global trade. This article looks at the recent backlash against globalisation and th...

  • Perspectives

Keeping development at the forefront of India’s long-term climate strategy

India’s Long Term Low Emissions Development Strategy (LT-LEDS) sets out multiple low-carbon transitions, highlighting that climate action will be intimately tied to developmental processes. In this ar...

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UPI: A game changer towards achieving a cashless economy

Since the launch of the Unified Payment Interface (UPI), the volume of digital transactions in India has increased exponentially over the last few years. Shamim Ara highlights the trends in the expans...

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The post-pandemic credit landscape in India

The economic shock caused by the Covid-19 pandemic and longstanding structural issues like the NPA crisis with its associated risk aversion in the banking sector resulted in low bank credit growth in...

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Implicit costs of factor allocation for Indian firms

Looking at variations in factor misallocation across states, Chaurey et al. measure trends in factor adjustment costs incurred by firms between 1999 and 2014. They find that adjustment costs for labou...

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Formalisation of informal manufacturing enterprises in India

Employment in India’s organised manufacturing sector has grown rapidly since 2004. This article finds that about 15% of this growth can be attributed to the formalisation of previously informal enterp...

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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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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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I4I@10 | Emerging from Covid-19: Challenges and solutions

As India emerges from the Covid-19 pandemic, economists will have to rethink how they understand the Indian economy in context of global volatilities. In this panel, moderated by Amartya Lahiri, Viral...

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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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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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