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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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How tax incentives influence household financial saving

Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...

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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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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 ...

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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

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Divya Ravindranath

Indian Institute for Human Settlements, Bangalore

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Divya Varma

Aajeevika Bureau (Ahmedabad)

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Sandip Sukhtankar

University of Virginia

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Karthik Muralidharan

University of California, San Diego

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Paul Niehaus

University of California, San Diego

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Hemant Kumar Pullabhotla

University of Illinois, Urbana-Champaign

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Ashutosh Thakur

Stanford Graduate School of Business

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Chandan Kumar Jha

Le Moyne College

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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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Renewable energy and India's future

In the world’s second-most populous country, it is unsurprising that the topic of energy supply should be a key issue – and, in particular, its sustainability. This column completes a series on I...

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