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Has China really outperformed India?

It is widely agreed that China has grown much faster than India, and that India has finally taken over in recent years. In this piece, Martin Rama benchmarks the growth performances of the two countri...

  • Perspectives

Nobel laureate Paul Romer’s contribution to endogenous growth theory

What motivates people like Steve Jobs to spend time, money, and effort in developing new ideas despite the implicit hazard that ideas can easily be copied later? In this post, Mausumi Das contends tha...

  • Perspectives

Is India’s ‘new’ investment cycle poised for upturn?

Recent statistics have drawn attention to the turning of India’s investment cycle since the second half of 2017-18. In this piece, Isha Gupta examines the different components of investment demand a...

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Four lessons for developing countries from advanced economies’ past

In this post, Izvorski and Karakülah contend that comparisons between today’s developing countries and today’s advanced economies can provide aspiration but less so in terms of recommendations ab...

  • Perspectives

Firm survival in India: Status of firms formed over the last 30 years

The dynamic process of new firm formation and exit of weaker firms contributes to the evolution of industries and expansion of the economy. This article analyses the status of all new firms formed in ...

  • Articles

Has China really outperformed India?

It is widely agreed that China has grown much faster than India, and that India has finally taken over in recent years. In this piece, Martin Rama benchmarks the growth performances of the two countri...

  • Perspectives

Is India’s ‘new’ investment cycle poised for upturn?

Recent statistics have drawn attention to the turning of India’s investment cycle since the second half of 2017-18. In this piece, Isha Gupta examines the different components of investment demand a...

  • Articles

Does service quality predict households’ willingness to pay for electricity connections in rural India?

While rural electrification has been a high priority for governments in the developing world, the factors that make individual households more likely to pay for electricity have received insufficient ...

  • Articles

Make in India: Why didn't the lion roar?

In this Perspectives piece, Prof. Nagaraj contends that ‘Make in India’ has failed to meet its objective of turning industry around. The government has seemed more concerned with improving India's...

  • Perspectives

Firm formation in India: The last 40 years

Research shows that entrepreneurship or new firm formation can be an important driver of economic development. This article studies the extent of new firm formation in India over the last 40 years and...

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Everything you know about cross-country convergence is (now) wrong

A quarter-century after the empirical growth literature set out to explain why poor countries are not catching up with rich ones, cross-country regressions have mercifully gone out of fashion. In this...

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Interim Budget 2019: Rising fiscal deficit in a 'booming' economy

In this article, Rajeswari Sengupta analyses various nuances of the recently announced Union Interim Budget, including the deviation from the targeted path of fiscal consolidation. In a world of Aadha...

  • Perspectives

How tax incentives influence household financial saving

Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...

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India’s national policy framework on e-commerce: Issues and concerns

In July 2018, India released a draft national policy framework on e-commerce among its stakeholders. The ensuing debate led to the government announcing a revised draft policy. In this post, Rahul Cho...

  • Perspectives

Nobel laureate Paul Romer’s contribution to endogenous growth theory

What motivates people like Steve Jobs to spend time, money, and effort in developing new ideas despite the implicit hazard that ideas can easily be copied later? In this post, Mausumi Das contends tha...

  • Perspectives

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Ivailo Izvorski

World Bank

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Rajeswari Sengupta

Indira Gandhi Institute of Development Research

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Indira Gandhi Institute of Development Research

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Bishwanath Goldar

Institute of Economic Growth

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Mahua Paul

Institute for Studies in Industrial Development

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Stuti Khemani

World Bank

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Most Popular Macroeconomics Posts

Land in India: Market price vs. fundamental value

The Real Estate (Regulation and Development) Bill, 2015, is focused on protecting the few home buyers who can afford to buy homes but does not address the issue of high land prices, which is a very se...

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Land records and titles in India

Land ownership is broadly determined by access to a land title, which protects the rights of the title-holder, and impacts livelihoods, and industrial, economic, and social growth. However, land title...

  • Perspectives

Renewable energy and India's future

In the world’s second-most populous country, it is unsurprising that the topic of energy supply should be a key issue – and, in particular, its sustainability. This column completes a series on I...

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