04 February, 2019Nobel 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
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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Radhika Pandey Ila Patnaik Renuka Sane
- 28 January, 2019
- Articles
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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Rahul Choudhury
- 12 November, 2018
- Perspectives
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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Bishnupriya Gupta
- 21 February, 2018
- Articles
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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Amey Sapre Rajeswari Sengupta
- 19 February, 2018
- 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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Sudipto Mundle
- 16 February, 2018
- Perspectives
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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Bharat Ramaswami
- 14 February, 2018
- Perspectives
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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Maitreesh Ghatak
- 13 February, 2018
- Perspectives
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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Bhaskar Dutta
- 09 February, 2018
- Perspectives
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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Ila Patnaik
- 05 February, 2018
- Perspectives
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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Kaushik Basu Renana Jhabvala Ashok Kotwal Pronab Sen
- 30 January, 2018
- Videos
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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Anjali Tandon
- 25 January, 2018
- Perspectives
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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Gurbachan Singh
- 22 January, 2018
- Perspectives
‘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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Soumya Bhadury Sanjib Pohit
- 12 January, 2018
- Articles
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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Praveen Bhagawan M Jyoti Prasad Mukhopadhyay
- 04 January, 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
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...
- Ramprasad Sengupta
- 13 May, 2013
- Articles