18 June, 2021Business sentiments and labour markets
The Covid-19 pandemic and associated lockdowns have had a significant adverse impact on jobs and livelihoods. Using 2006-2021 data from a survey on business sentiments, this article examines fluctuati...
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Bornali Bhandari Samarth Gupta Ajaya Kumar Sahu K Subbaraje Urs 
04 May, 2021
- Articles
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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Maitreesh Ghatak
- 01 May, 2021
- Articles
Of twists and turns: Monetary policy and ‘term premium’
As India’s economic growth slowed down in recent years, the reliance on monetary policy to stimulate growth increased significantly – especially during the pandemic. Analysing data from 2018-2020,...
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Rajeswari Sengupta Harsh Vardhan
- 03 March, 2021
- Perspectives
Aatmanirbhar Bharat: Foreign trade, capital flows, and India’s growth
The Atmanirbhar Bharat (self-reliant India) policy was announced by the central government, along with the economic package, as a response to the crisis triggered by the Covid-19 pandemic. In this pos...
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Partha Sen
- 27 November, 2020
- Perspectives
Covid-19 lockdown and migrant workers: Survey of vocational trainees from Bihar and Jharkhand
The nationwide lockdown in India hit migrant workers particularly hard and once travel restrictions were lifted, 11 million interstate migrants returned home. In this note, the authors present key fin...
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Bhaskar Chakravorty Clément Imbert Maximilian Lohnert Poonam Panda
- 05 November, 2020
- Notes from the Field
A ten-point programme for economic recovery
The Indian economy has been experiencing a slowdown in growth of GDP in general and investment in particular, with the Covid-19 crisis being the last (big) straw. In this post, Gurbachan Singh present...
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Gurbachan Singh
- 20 October, 2020
- Perspectives
Which jobs were ‘lost’ during India’s Covid-19 lockdowns? Evidence from online vacancy postings
Covid-19 and associated lockdowns across countries have had a devastating impact on the global economy and labour markets. In India, recent data show a historic economic contraction by 23.9% over the ...
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Gaurav Chiplunkar Erin M. Kelley Gregory Lane
- 08 September, 2020
- Articles
Covid-19: Assessing fiscal position of government in first quarter of 2020-21
In this post, Pandey and Raju analyse the trends in the revenue, expenditure, and borrowings of the Government of India in the first quarter of 2020-21, based on data released by the Controller Genera...
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Radhika Pandey Medha Raju
- 07 September, 2020
- Perspectives
Subsidies, merit goods, and fiscal space - II
In Part I of this two-part series, the authors presented their estimates of total budget subsidies, and their merit and non-merit components. In this part, they discuss the relationship between subsid...
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Sudipto Mundle Satadru Sikdar
- 04 September, 2020
- Perspectives
Subsidies, merit goods, and fiscal space - I
Mundle and Sikdar argue that rationalisation of the prevailing large volume of non-merit subsidies should constitute a major component of deep fiscal reforms in India. Doing so could free up the fisca...
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Sudipto Mundle Satadru Sikdar
- 03 September, 2020
- Perspectives
What would make India’s growth sustainable?
Much of the discussion on the economic slowdown in India in recent years – as well as on the government’s measures to tackle the present economic crisis due to the Covid-19 lockdown – is focused...
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Maitreesh Ghatak Ashok Kotwal Bharat Ramaswami
- 14 August, 2020
- Perspectives
Covid-19: Assessing vulnerabilities faced by microenterprises
In India, where microenterprises form a crucial foundation for livelihoods and employment, the effects of the Covid-19 lockdown can potentially be significant. Based on the first wave of a dynamic, mu...
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Sharon Buteau Ashwin Chandrasekhar
- 31 July, 2020
- Notes from the Field
Covid-19: Recession in India, and policy lessons from other countries
Given the prevailing economic situation in India and following the past experience of several developed countries, there is a clamour for accepting much larger fiscal deficits, and adopting unconventi...
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Gurbachan Singh
- 27 July, 2020
- Perspectives
Covid-19: Conditions on state borrowing need a rethink
States have been in the firing line in the battle to save lives and livelihoods from the impact of Covid-19. However, the loss of economic activity following the nationwide lockdown, has wreaked havoc...
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Mayank Jain D. Priyadarshini
- 22 July, 2020
- Perspectives
Does easing controls on foreign borrowing boost firm performance?
The literature shows that rigid capital-control policies adversely influence international trade, but overlooks the relationships among access to external financing, firm-level productivity, and expor...
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Udichibarna Bose Sushanta Mallick Serafeim Tsoukas
- 17 July, 2020
- Articles
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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
Covid-19: Macroeconomic implications for India
Due to the measures adopted to prevent the spread of the Coronavirus Disease 2019 (Covid-19), especially social distancing and lockdown, non-essential expenditures are being postponed. This is causing...
- Rajeswari Sengupta
- 24 March, 2020
- Perspectives