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...
- Rajat Kathuria
- 22 February, 2023
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 ...
- Rajeswari Sengupta
- 27 February, 2023
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...
- Deepak Mishra
- 03 February, 2023
Public debt through the ages
The history of sovereign debt evolved over time along with the purposes for which governments borrowed: first State-building, then public-good provision, and most recently social welfare and entitleme...
- Barry Eichengreen Asmaa El-Ganainy Rui Esteves Kris James Mitchener
- 30 August, 2019
The return of the policy that shall not be named: Principles of industrial policy
The 'Asian miracles' and their industrial policies are often considered as statistical accidents that cannot be replicated. This article argues that we can learn more about sustained growth from these...
- Reda Cherif Fuad Hasanov
- 31 July, 2019
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....
- Pronab Sen
- 29 July, 2019
A silver lining in India’s employment scenario
The latest jobs data released by the government showed a record high unemployment rate of 6.1% in 2017-18, but a rise in the share of workers with a regular job in urban areas. In this post, Mehta and...
- Arjun Kumar Balwant Singh Mehta
- 17 July, 2019
Government securities market: Price discovery and the cost of Indian government borrowing
The government securities (G-Secs) market has substantial effects on other markets as the producer of risk-free interest rate benchmarks. Over 2017-18, there was a sharp rise in the interest rates of ...
- Ashima Goyal
- 15 July, 2019
Agriculture and the Union Budget: policies and prospects
In this post, Shoumitro Chatterjee and Mekhala Krishnamurthy analyse the key proposals in the Union Budget 2019 pertaining to reforms in agricultural market, ease of doing business for farmers, and ag...
- Shoumitro Chatterjee Mekhala Krishnamurthy
- 09 July, 2019
Union Budget 2019: An attempt to address the economy’s stress points
In this post, Niranjan Rajadhyaksha contends that in the first Budget of the second Narendra Modi administration, Finance Minister Nirmala Sitharaman has made an honest attempt to address some of the ...
- Niranjan Rajadhyaksha
- 08 July, 2019
The great disinflation in emerging and developing economies
Emerging market and developing economies (EMDEs) have achieved a remarkable decline in inflation since the early 1970s. Whether EMDEs can continue enjoying the benefits of low inflation will depend on...
- Jongrim Ha Ayhan Kose Franziska Ohnsorge
- 17 June, 2019
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...
- Ivailo Izvorski Kenan Karakülah
- 14 June, 2019
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 ...
- Rajeswari Sengupta Manish Singh
- 12 June, 2019
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...
- Martin Rama
- 04 June, 2019
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...
- Isha Gupta
- 27 May, 2019
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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...
- Gurbachan Singh
- 29 February, 2016
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...
- Prachee Mishra Roopal Suhag
- 20 November, 2017
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...
- Rajeswari Sengupta
- 24 March, 2020