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...
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...
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...
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...
- Rajeswari Sengupta
- 04 February, 2019
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 ...
The project was carried out on the request of Principal Secretary, Department of Commercial taxes, Government of Bihar. It demonstrates what needs to be done to set district-wise commercial tax target...
- Pronay Sarkar
- 31 December, 2018
- IGC Research on India
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...
- Rahul Choudhury
- 12 November, 2018
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...
- Mausumi Das
- 24 October, 2018
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 ...
- Renu Kohli
- 12 October, 2018
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...
The Indian e-commerce industry is set to grow at over 30% over the next decade, potentially making the online market a repository of information related to some key parameters of the economy such as i...
India has accomplished its cherished dream of emerging as a power-surplus economy but the capability is yet to be complemented by efficient performance of power distribution companies, the majority of...
- Shobha Ahuja
- 03 October, 2018
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...
China has witnessed the same degree of industrialisation in three decades as Europe did in two centuries – without the preconditions that are generally believed to be necessary for economic developm...
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Most Popular Macroeconomics Posts
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 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...