The growing burden of state subsidies
Delivery of welfare benefits to citizens by state governments in India often takes the form of subsidies. Analysing budgetary data from seven Indian states for the period between 2018-19 and 2022-23, ...
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Kishan Narayan
17 March, 2025
- Articles
High public debt in India: 9 stylised facts
The Covid-induced surge in public debt in India was unique compared to its own history, but also bigger and driven by different factors relative to the average emerging market economy. In this post, M...
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Prachi Mishra
Nikhil Patel
20 December, 2024
- Perspectives
Uneven resilience: Why some emerging markets better navigate US monetary policy cycles
As the US dollar and monetary policy continue to have a significant impact on global financial dynamics, some emerging markets are observed to be more resilient than others to the policy cycles. Analy...
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Joshua Aizenman
Donghyun Park
Irfan Qureshi
Jamel Saadaoui
Gazi Salah Uddin
30 September, 2024
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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...
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Rahul Choudhury
12 November, 2018
- 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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Mausumi Das
24 October, 2018
- 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 ...
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Renu Kohli
12 October, 2018
- 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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Thomas Tørsløv
Ludvig Wier
Gabriel Zucman
10 October, 2018
- Articles
The online marketplace as a source for price data
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...
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Ritwik Banerjee
Nished Singhal
Chetan Subramanian
05 October, 2018
- Articles
Discom losses: Should power tariffs be hiked?
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...
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Shobha Ahuja
03 October, 2018
- 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...
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Vikas Dimble
Nalini Gulati
14 September, 2018
- Perspectives
Community networks and the growth of private enterprise in China
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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Ruochen Dai
Dilip Mookherjee
Kaivan Munshi
Xiaobo Zhang
31 August, 2018
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The challenge of identifying economic activities of firms
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...
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Radhika Pandey
Amey Sapre
Pramod Sinha
23 August, 2018
- Perspectives
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 ...
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Sudha Narayanan
Prerna Prabhakar
Gausia Shaikh
Diya Uday
Bhargavi Zaveri
06 August, 2018
- Articles
The effect of place-based development policies: Evidence from Indian SEZs
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...
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Yeseul Hyun
Shree Ravi
18 July, 2018
- Articles
GST Explainer: Introduction
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 ...
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Ashok Kotwal
30 June, 2018
- Explainers
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Tweets by Ideas4IndiaMost 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
- 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