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...
The reliability of India’s GDP estimates has been debated extensively. A key challenge in the construction of macro-aggregates lies in the proper identification of firms’ economic activities as fi...
Digital India Land Records Modernisation Programme: Assessing impact in Himachal Pradesh and Maharashtra
Government of India launched the National Land Records Modernisation Programme in 2008, with the aim of establishing a system of titles to ensure conclusive proof of land ownership. The programme was ...
Since the introduction of the Special Economic Zones (SEZ), Act in 2005, India has invested roughly 0.5% of its GDP annually into this programme. Using nighttime lights data and firm- and worker-level...
Seventeen years after its framework was formed, India’s biggest tax reform – the goods and services tax – was rolled out on 1 July 2017. Some consider the ‘one nation, one tax’ system to be ...
- Ashok Kotwal
- 30 June, 2018
The Goods and Services Tax (GST) came into effect in India on 1 July 2017. Even as it is too early to judge the performance of GST relative to the system of indirect taxation it has replaced, Gaurav D...
- Gaurav Datt
- 18 June, 2018
India’s Mahatma Gandhi National Rural Employment Guarantee (MNREGA), the world’s largest workfare programme, provided employment to 51 million households in 2016. Assessing the impact of MNREGA on...
- Clément Imbert
- 27 April, 2018
Demonetisation and the introduction of goods and services tax were expected to accelerate the shift to formality in the economy. In this article, Renu Kohli contends that while currency in circulation...
- Renu Kohli
- 06 April, 2018
As per the recently released first advance estimates of the Central Statistics Office, the real GDP growth for India is estimated at 6.5% in 2017-18, the slowest in the last four years. In this articl...
- Isha Gupta
- 03 April, 2018
This column investigates the relationship between economic growth and net job creation in India and South Asia. If economic growth was truly jobless, as is often claimed, labour productivity would be...
This column describes an ongoing study that analyses data from Delhi’s labour-intensive garment factories to explore the relationship between trust among workers and productivity. Using the strength...
In this article, Bloom and Patnaik bring together research that analyses management practices of firms, and how they relate to firm productivity and performance. They highlight the importance of under...
In this article, Devashish Mitra discusses structural bottlenecks in the Indian manufacturing sector such as labour market regulations and recent policy changes that incentivise capital-intensive prod...
- Devashish Mitra
- 13 March, 2018
Indian Institute of Management Bangalore
University of Nottingham
SKEMA Business School
University of Nottingham
University of British Columbia
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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...