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Tag Search: “growth”

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...

  • Perspectives

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...

  • 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...

  • Perspectives

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...

  • 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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Creative destruction and catch-up growth in India

In this post, Peters and Zilibotti compare the size of firms in India and the US, and find that the 90% of firms in India have four employees or less, and attribute it to the absence of creative destr...

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Irrigation and the spatial pattern of local economic development in India

Irrigation projects across India are intended to boost agricultural productivity and rural development. In this post, Blakeslee et al. study the long-run effects of access to irrigation on the composi...

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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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