•  
Main Banner Image
Macroeconomics

Budget 2022-23 and outlook for the Indian economy

  • Videos

Budget 2022-23: Hits and misses

Outlining the hits and misses of the Budget 2022-23, Rajeswari Sengupta contends that the capital expenditure push by the government seems to be a step in the right direction, while the rationale behi...

  • Perspectives

Of twists and turns: Monetary policy and ‘term premium’

As India’s economic growth slowed down in recent years, the reliance on monetary policy to stimulate growth increased significantly – especially during the pandemic. Analysing data from 2018-2020,...

  • Perspectives

Growth in India: Narratives and evidence

There are various narratives on the trajectory of India’s economic growth, and its key determining factors. This article analyses the recently released GDP data series at 2011-12 prices, extending b...

  • Perspectives
422 posts
Refine list by:
--Please Select--
--Please Select--

An illusory Phillips curve: Is now the right time for a rate hike?

The Phillips curve represents an inverse relationship between inflation and unemployment. In this post, Parantap Basu argues that the ‘illusory’ Phillips curve in western industrial nations is dri...

  • Perspectives

Budget 2022-23 and outlook for the Indian economy

Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other...

  • Podcasts

Budget 2022-23 and outlook for the Indian economy

Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other...

  • Videos

Budget 2022-23: Hits and misses

Outlining the hits and misses of the Budget 2022-23, Rajeswari Sengupta contends that the capital expenditure push by the government seems to be a step in the right direction, while the rationale behi...

  • Perspectives

Budget 2022-23: Is public investment-led growth strategy desirable and credible?

The 2022-23 Budget has reiterated the government's commitment to boosting economic growth by seeking to increase public investment as a ratio of gross domestic product. In this context, R Nagaraj exam...

  • Perspectives

India’s asset monetisation plan

In August 2021, Government of India announced an asset monetisation plan wherein existing public assets worth Rs. 6 trillion would be monetised by leasing them out to private operators for fixed terms...

  • Perspectives

Assessing the credibility of sub-national budgets in India

The Covid-19 crisis has put immense pressure on the finances of Indian states. Fiscal consolidation in the post-pandemic period will depend on growth revival, increased fund flows, and efficient budge...

  • Perspectives

Understanding ‘consumer price index’ and consumption baskets

The Consumer Price Index (CPI) is used as an indicator in various policymaking contexts, and has gained greater significance since the adoption of the inflation targeting framework in India. In this p...

  • Perspectives

Understanding the dynamics of the rupee-dollar exchange rate

Since 1993, the Indian rupee (INR) has officially been following a market-determined exchange rate – price is determined by demand for and supply of foreign exchange – with intervention by the Res...

  • Perspectives

Foreign currency corporate borrowing: Risks and policy responses

Non-financial corporations in emerging market economies increasingly rely on foreign currency debt,and are exposed to currency depreciations and sudden stops in capital flows. Analysing data on 1,786 ...

  • Articles

How open is India's capital account?

Although India began opening up its capital account in the mid-1990s, the approach towards financial liberalisation has been cautious. Tracing changes in the de-facto openness of the country’s capi...

  • Perspectives

Goods and services tax: Estimating optimal rates

Introduced in India in 2017, a key feature of the goods and services tax (GST) system is that the tax rate for a particular commodity is uniform across the country. Based on a counterfactual framework...

  • Articles

Recent Contributors

Parantap

Parantap Basu

Durham University

Ashok

Ashok Kotwal

Editor-in-Chief, I4I; University of British Columb

Pronab

Pronab Sen

IGC India

Rajeswari

Rajeswari Sengupta

Indira Gandhi Institute of Development Research

R.

R. Nagaraj

Centre for Development Studies

Amartya

Amartya Lahiri

University of British Columbia

Pratap Ranjan

Pratap Ranjan Jena

NIPFP

Abhishek

Abhishek Singh

Indian Institute of Technology, Delhi

View all Contributors

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...

  • Articles

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

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...

  • Perspectives