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How open is India's capital account?

Although India began opening up its capital account in the mid-1990s, the approach towards financial liberalisation has been cautious. Tracing changes in the de-facto openness of the country’s capi...

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India’s service-led economic growth

Structural transformation that involves a shift from agriculture straight to services, is a cause of concern to many scholars as an expanding service sector might be a pale substitute to technical pro...

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Business 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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How foreign inflows impact Indian manufacturing firms

In the past few decades, India has emerged as one of the preferred destinations for foreign investors, with the manufacturing sector receiving a substantial proportion of total capital inflows coming...

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Three cheers (not) for Jaitapur

During French President Hollande’s ongoing visit to India, India and France are expected to announce that they are going to enter into an agreement to import six nuclear reactors marketed by the Fr...

  • Perspectives

West Bengal from an external perspective

The once prosperous, industrialised state of West Bengal is now lagging behind all-India average figures in both economic and social indicators. In this article, Ashok Lahiri, former Chief Economic A...

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Labour rationing and forced entrepreneurship in village India

When individuals are rationed out of the labour market, this not just decreases welfare but can also create labour misallocation as rationed workers may turn to less-productive self-employment activit...

  • IGC Research on India

How US interest rates influence the world economy

For the first time in nearly a decade, the US Federal Reserve has raised its benchmark interest rate by 0.25 percentage points. In this article, Eswar Prasad, the Tolani Senior Professor of Trade and...

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Boom and Bust: Institutional causes of India's growth slowdown in 2011

The slowdown in India’s growth in 2011 is generally attributed to the global financial crisis and domestic policy paralysis. In this article, Kunal Sen argues that the high growth rates in the 2000...

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Elephant vs. Dragon: Growth and development

The Indian economy expanded by 7.4% during July-September 2015, as compared to China’s growth rate of 6.9% over the same period. In this article, Mahendra Dev, Vice Chancellor of IGIDR, examines th...

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Tolerance and respect for economic progress

In his recent speech at IIT Delhi, RBI Governor Raghuram Rajan contends that ideas are the key to economic growth. The two essentials to keep the ideas factory open are to foster competition in the m...

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China's fitful economic reforms

Last week, IMF elevated China’s yuan to the status of a global reserve currency. In this article, Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University, contends that the ...

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India, China and growth forecasts

The World Bank and IMF have predicted that India’s growth rate would overtake that of China in 2015-16. In this article, Kaushik Basu, Senior Vice President and Chief Economist at the World Bank, co...

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Monetary dimensions of the recent Indian inflationary experience

Inflation in India remained at or near double-digit levels between 2009-10 and 2014-15. In this article, Pronab Sen, Country Director, IGC India Central, argues that while the initiation of the infla...

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Productivity and competition in India’s brick industry

Firm productivity has long been considered a key driver of economic growth. Yet there is little understanding of why the competition and innovation that fuels productivity growth in the developed worl...

  • IGC Research on India

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Pranab Bardhan

University of California, Berkeley

Ashok

Ashok Kotwal

Editor-in-Chief, I4I; University of British Columb

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Quy-Toan Do

World Bank

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Gil Shapira

World Bank

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Lin Ma

Singapore Management University

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Jed Friedman

World Bank

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Andrei Levchenko

University of Michigan

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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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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...

  • Perspectives