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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

Why external sovereign debt should be avoided

The Finance Minister of India, in her 2019 Budget speech, announced the government’s intent to finance a part of the fiscal deficit by issuing sovereign bonds in the international financial markets....

  • 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...

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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

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 ...

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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

Demonetisation’s multiple failures

With 99.3% of banned currency returning to the banks, it is clear that demonetisation’s primary objective of nullifying ‘black money’ was not achieved. In this post, Dr Renu Kohli contends that ...

  • Perspectives

The missing profits of nations

Between 1985 and 2018, the global average statutory corporate tax rate fell by more than half. This article uses new macroeconomic data to argue that profit-shifting is a key driver of this decline. C...

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Recent Contributors

Siddharth

Siddharth Dixit

Duke Center for International Development

Natalie

Natalie Emery

Change the World Trust

Chinmoy

Chinmoy Kumar

Duke University

Punarjit

Punarjit Roychowdhury

Indian Institute of Management Indore

Hao

Hao Li

Nanjing Audit University

Daniel L.

Daniel L. Millimet

Southern Methodist University

Ambrish

Ambrish Dongre

Indian Institute of Management Ahmedabad

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Ankur Sarin

Indian Institute of Management Ahmedabad

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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

Global financial crisis and India: A look at the decade gone by

The crisis that emerged in the US subprime mortgage market this month 10 years ago, not only engulfed the country’s financial system but the entire global economy. In this post, Vikas Dimble and Nal...

  • Perspectives