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Has 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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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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What should we do about the Indian economy? A wide-angled perspective - IV

In the previous part of this series, Ashok Kotwal and Pronab Sen traced the genesis of the present economic slowdown. In this part, they discuss the way forward to arrest the slowdown. They suggest a ...

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The Land Acquisition Act is deeply flawed

In the second part of the Land Acquisition Act debate, Ghatak and Ghosh argue that the legislation is ill-conceived and falls short on several counts. They contend that the formula for compensation i...

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A'new' land reform policy in India?

The Ministry of Rural Development has recently issued a draft of a new National Land Reform Policy. In this article, Dilip Mookherjee discusses the key features, and presents his views on the pros an...

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Short-term migration and child welfare

While much has been said about the poor working and living conditions of short-term migrants, relatively little is known of the impact of short-term migration on child welfare. This column finds that ...

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Monkeying with the rupee

In this article, Debraj Ray discusses the sharp depreciation of the rupee and the ongoing outflow of foreign capital from India. Further, he refutes claims that the costs associated with the Food Sec...

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Choosing to be trained: Behavioural restrictions on participation decisions

Widespread unemployment has prompted policymakers to consider introduction of various training programmes that can help workers accumulate additional skills to obtain new jobs and/ or retain current ...

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Is there public support for higher electricity prices in India?

Even though India´s power sector does not generate enough electricity to meet the rapidly growing demand, policymakers hesitate to increase tariffs due to popular opposition. This column discusses r...

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Who creates jobs?

With millions of young people entering the labour market each year, the big question is whether there will be enough jobs for them. But who actually creates these jobs? This column looks at data from...

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Bad management: A constraint on economic development?

Are poor management practices holding back middle-income countries? This column looks at the evidence for private firms and public organisations in manufacturing, retail, healthcare and education in ...

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Recession and child labour: The poverty link revisited

While poverty is believed to be the main cause behind child labour, higher poverty is not seen to be associated with higher child work participation rates across Indian states. This column explores t...

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A case for including migrants' remittances in inter-state comparisons

Gross State Domestic Product, a widely used measure to compare incomes across states in India, does not include migrants’ remittances. This column argues that remittances have a bearing on drawing ...

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Underperforming even in good times

The late Professor Raj Krishna´s term ‘Hindu growth rate’ was an aptly pejorative description of India´s economic performance in the post-independence period. But how has India performed in the...

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Could railways have done more to aid economic development in India?

Indian Railways celebrated its 160th anniversary last month. This column argues that while railways played a large economic role in British India, it is likely they could have done more to aid econom...

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Presidency University, Kolkota

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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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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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