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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 ...

  • Perspectives

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...

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Budget 2022-23 and outlook for the Indian economy

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...

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Falling behind: India under colonial rule

At the time of independence, India was among the poorest countries in the world. This column argues that the main reason for India falling behind during the colonial rule was inadequate investment in ...

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Communicating uncertainties in GDP data

In recent times there has been a lot of controversy around the accuracy and reliability of Indian GDP estimates. In this article, Amey Sapre and Rajeswari Sengupta contend that much of this confusion ...

  • Perspectives

Union Budget 2018: The reality behind the rhetoric

In this article, Sudipto Mundle contends that given Union Budget 2018-19 was the current government’s last full budget before the next general election, headline-grabbing proposals were particularly...

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Union Budget 2018: What will the pivot to agriculture cost?

The Union Budget 2018-19 focusses heavily on agriculture and rural development. In this article, Bharat Ramaswami analyses the key proposals pertaining to investment in agricultural markets and infras...

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Union Budget 2018: Unpleasant arithmetic and the art of the possible

In this article, Maitreesh Ghatak contends that while the Union Budget 2018-19 deserves some praise for signalling priorities given the constraints, it disappoints in terms of its vision of reforms.

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Union Budget 2018: Some hits, some misses

In this article, Bhaskar Dutta critically analyses the Union Budget for 2018-19 in terms of announcements for the rural and agricultural sector, healthcare, and manufacturing, and implications for fis...

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Union Budget 2018: Not as expansionary as appears at first blush

In this article, Ila Patnaik assesses the implications of the recently announced Union Budget for inflationary expectations and monetary policy.

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I4I Panel Discussion: The challenge of job creation

In a recent I4I editorial, Ashok Kotwal described the challenge of job creation that is facing the Indian economy today. In December 2017, Prof. Kotwal moderated a panel discussion on the topic betwe...

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The spatial dimensions of business investment decisions

Investment decisions of firms are centred on location choice, investment magnitude, and selection of industry. Of these, information on location choice is the most asymmetric, making it is imperative ...

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Self-employment: Elephant in the room

While nearly half of the labour force in India is self-employed, persistent low standards of living on a large scale imply that not many of these are ‘entrepreneurs’. Much of the self-employment ...

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‘Nowcasting’ the Indian economy: A new approach to know the now-GDP

Bhadury and Pohit describe NCAER’s new ‘nowcasting’ model, which seeks to predict India’s GDP numbers at frequent intervals − typically on a monthly or quarterly basis − by exploiting the ...

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Does mandatory CSR expenditure affect firm value? Evidence from Indian firms

Section 135 of the Companies Act, 2013 mandates all Indian firms above certain size or profit threshold to spend at least 2% of net profit earned in preceding three years on Corporate Social Responsib...

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Recent Contributors

Aakanksha

Aakanksha Shrawan

National Institute of Public Finance and Policy

Pulapre

Pulapre Balakrishnan

Centre for Development Studies

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M. Parameswaran

Centre for Development Studies

Dibyendu

Dibyendu Maiti

Delhi School of Economics

Naveen

Naveen Kumar

Delhi School of Economics

Debajit

Debajit Jha

O. P. JIndal Global University

Barry

Barry Eichengreen

University of California, Berkeley

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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...

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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...

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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...

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