04 February, 2019Has China really outperformed India?
It is widely agreed that China has grown much faster than India, and that India has finally taken over in recent years. In this piece, Martin Rama benchmarks the growth performances of the two countri...
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Martin Rama 
04 June, 2019
- Perspectives
Why external sovereign debt should be avoided
The Finance Minister of India, in her 2019 Budget speech, announced the government’s intent to finance a part of the fiscal deficit by issuing sovereign bonds in the international financial markets....
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Pronab Sen
- 29 July, 2019
- 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
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
- Articles
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: A ‘good and simple’ tax?
The Goods and Services Tax (GST) came into effect in India on 1 July 2017. Even as it is too early to judge the performance of GST relative to the system of indirect taxation it has replaced, Gaurav D...
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Gaurav Datt
- 18 June, 2018
- Perspectives
Labour market effects of workfare programmes: Evidence from MNREGA
India’s Mahatma Gandhi National Rural Employment Guarantee (MNREGA), the world’s largest workfare programme, provided employment to 51 million households in 2016. Assessing the impact of MNREGA on...
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Clément Imbert
- 27 April, 2018
- Articles
King Cash is back: Has informality increased?
Demonetisation and the introduction of goods and services tax were expected to accelerate the shift to formality in the economy. In this article, Renu Kohli contends that while currency in circulation...
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Renu Kohli
- 06 April, 2018
- Perspectives
Demand-side components of India’s GDP growth
As per the recently released first advance estimates of the Central Statistics Office, the real GDP growth for India is estimated at 6.5% in 2017-18, the slowest in the last four years. In this articl...
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Isha Gupta
- 03 April, 2018
- Perspectives
Jobless growth? From speculation to statistical analysis
This column investigates the relationship between economic growth and net job creation in India and South Asia. If economic growth was truly jobless, as is often claimed, labour productivity would be...
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Robert C M Beyer Martin Rama
- 16 March, 2018
- 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
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...
- Vikas Dimble Nalini Gulati
- 14 September, 2018
- Perspectives