Tag Search: “fiscal policy”

Webinar video: The Covid-19 Shock

The Covid-19 pandemic and the containment measures adopted to check the spread of the disease, have caused an unprecedented economic crisis in India as well as the rest of the world. Further, India is...

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States’ loss of fiscal autonomy in a centralised federal system

The Indian states bear the larger responsibility in dealing with Covid-19, but they have few resources to do so. In this post, M. Govinda Rao argues that the ongoing process of centralisation has weak...

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Covid-19, and the way to avoid a blunt interest rate policy

Given the looming recession due to Covid-19, the Reserve Bank of India has reduced interest rates to encourage economic activity in the country. In this post, Gurbachan Singh contends that the prevail...

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The Covid-19 shock: Learnings from the past, addressing the present - V

In the previous two parts of the series, Dr Pronab Sen presented a pathway to recovery from the Covid-19 shock in three distinct phases – survival, revival, and recovery. In the final part of the seri...

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The Covid-19 shock: Learnings from the past, addressing the present - IV

In the previous part of the series, Dr Pronab Sen presented a pathway to recovery, focusing on the ‘survival’ phase, that is, the three-month period of lockdown. In this part he discusses the revival...

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The Covid-19 shock: Learnings from the past, addressing the present - III

In the previous part of the series, Dr Pronab Sen provided estimates of the economic damage on account of the ongoing crisis, and the expected trajectory of the economy over the next three years. In t...

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The Covid-19 shock: Learnings from the past, addressing the present - II

In the first part of the series, Dr Pronab Sen discussed the performance of the Indian economy during the last two major economic shocks – Global Financial crisis in 2008, and demonetisation-cum-GST i...

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The Covid-19 shock: Learnings from the past, addressing the present - I

The Covid-19 pandemic and the containment measures adopted to check the spread of the disease, have caused an unprecedented economic crisis in India as well as the rest of the world. Further, India is...

  • Perspectives

The pandemic and the package

The government has announced a package of fiscal and monetary policy actions, and broader economic reforms to set the economy back on track after the Covid-19 lockdown. In this post, Sengupta and Vard...

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Webinar video: The new Coronavirus and the Indian economy

The global pandemic has created a terrible trade-off for every country between an economic crisis caused by a shutdown of the economic activity and a health crisis and fatalities as the healthcare sys...

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Covid-19: Does the Government of India really have little fiscal space?

Several commentators have argued that the Government of India has very limited fiscal space to provide fiscal stimulus to jumpstart the economy, and spend on the poor and on medical care post Covid-19...

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Covid-19: Getting fiscal policy right

The textbook answer to financing of additional government expenditure in a recession is that the government should borrow the funds rather than impose a tax. Gurbachan Singh argues that the convention...

  • Perspectives