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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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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...

  • 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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Is small beautiful? A critical evaluation of MSME policy and performance in India

Micro, small and medium enterprises (MSMEs) have significance in a labour-abundant country like India, and various policies are in place to promote the sector. Analysing MSME data from various sources...

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Structural transformation and spillovers from ‘Industrial Areas’

A defining feature of economic development is the reallocation of labour from subsistence agriculture to manufacturing. To shed light on this process, this column analyses Karnataka’s Industrial Are...

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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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Forecasting growth in times of transition

As per official data released on 31 August 2017, the Indian economy grew at 5.6% in the first quarter of the current fiscal year – in congruence with forecasts of National Council of Applied Economi...

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Why are geniuses destroying jobs in Uganda?

In this article, Lant Pritchett discusses how technological progress is being driven in rich countries by distorted prices and availability of labour and is then inefficiently and uneconomically destr...

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Production responses and tax evasion with limited State capacity: Evidence from major reform in India

Although VAT eliminates the double taxation of inputs of the retail sales system, which enhances growth, it may increase the number of firms in the informal sector. This makes it very important, from ...

  • IGC Research on India

Production Responses and Tax Evasion with Limited State Capacity - Evidence from Major Reform in India

This project explores: what is the effect of switching from a retail sales tax to a VAT in a country with limited tax capacity and a large informal economy? The project explores this question through...

  • IGC Research on India

GST Explainer: Value Added Tax 2.0

Aprajit Mahajan (UC Berkeley) and Shekhar Mittal (UCLA) outline some features of the GST that attempt to address the challenges of implementing a VAT system in India

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GST Explainer: A legal scholar’s view

Arvind Datar, Senior Advocate and reputable legal scholar responds to the questions on GST posed in the introduction of this explainer.

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GST Explainer: A public finance expert’s view

Kavita Rao, Professor, National Institute of Public Finance and Policy, responds to the questions on GST posed in the introduction of this explainer.

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The lad(y) doth protest too much, methinks

Former Finance Minister Yashwant Sinha has trashed the present government’s track record on economic management. In a recent article, economist Surjit Bhalla refuted Mr. Sinha’s claims with a poin...

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India’s GDP: Deflating the right way

A non-ending debate on the GDP growth numbers brought out by the Central Statistics Office has been doing the rounds. In light of the mismatch between recent trends in the growth rate and an array of ...

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Shishir Gupta

Centre for Social and Economic Progress (CSEP)

Rishita

Rishita Sachdeva

Centre for Social and Economic Progress (CSEP)

Kishan

Kishan Narayan

Northeastern University

Rajeswari

Rajeswari Sengupta

Indira Gandhi Institute of Development Research

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Prachi Mishra

Ashoka University

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Nikhil Patel

International Monetary Fund

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Joshua Aizenman

University of Southern California

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Gazi Salah Uddin

Linköping University, Sweden

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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...

  • 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...

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