Effect of food prices on inflation: Is monetary policy an effective tool?
With rising inflation becoming a global concern, Balakrishnan and Parameswaran discuss some explanations for the high inflation in India. They find that inflation was driven by a domestic rise in food...
- Pulapre Balakrishnan M. Parameswaran
- 19 July, 2023
- Articles
India’s debt dilemma
In the fifth article in the Ideas@IPF2023 series, Eichengreen, Gupta and Ahmed reveal how high levels of debt in India limit the resources available for other priorities. At the same time, they predic...
- Ayesha Ahmed Barry Eichengreen Poonam Gupta
- 17 July, 2023
- Perspectives
Budget 2024-25: A countercyclical approach to fiscal policy
Keynes propounded that fiscal policy should be countercyclical in nature – expansionary during recession and contractionary during periods of boom. In this post, Aakanksha Shrawan analyses India’s...
- Aakanksha Shrawan
- 26 March, 2024
- Perspectives
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
- Articles
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
- Articles
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
- Perspectives
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
- Articles
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
- 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 ...
- Rajeswari Sengupta Manish Singh
- 12 June, 2019
- 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...
- Martin Rama
- 04 June, 2019
- 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...
- Isha Gupta
- 27 May, 2019
- 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 ...
- Ryan Kennedy Aseem Mahajan Johannes Urpelainen
- 10 May, 2019
- 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...
- R. Nagaraj
- 08 May, 2019
- 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...
- Rajeswari Sengupta Manish Singh
- 01 April, 2019
- Articles
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...
- Dev Patel Justin Sandefur Arvind Subramanian
- 15 February, 2019
- Articles
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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
- 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...
- Prachee Mishra Roopal Suhag
- 20 November, 2017
- Perspectives
West Bengal’s economic performance relative to India over the last three decades
Against the backdrop of the ongoing elections in West Bengal, Maitreesh Ghatak examines how the state’s economic performance compares with that of the country as a whole, over the past three decades...
- Maitreesh Ghatak
- 01 May, 2021
- Articles