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Macroeconomics

Economic development of Punjab: Prospects and policies

  • Perspectives

Food, fuel, and facts: Distributional effects of global price shocks

The recent upsurge in global prices of essential commodities of food and fuel, warrants an analysis of the distributional ramifications, especially within developing economies. This article examines I...

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What will it take for the Indian economy to break out of the lower-middle-income bracket?

In 2007, India moved from the low-income to lower-middle-income category, as per the World Bank’s classification of countries by income. With clear aspirations to graduate into the higher brackets o...

  • Perspectives

Growth, well-being and distribution in India in the last decade – I

As India gets ready to vote in the general election, Balakrishnan and Parameswaran present a comprehensive, evidence-based review of the performance of the Indian economy over the past decade. In the ...

  • Perspectives
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Inflation targeting: A long way to go

The Finance Bill, 2016, amended the Reserve Bank of India (RBI) Act, 1934, to define inflation targeting as the primary objective of the central bank. In this article, Rajeswari Sengupta, Assistant P...

  • Perspectives

India's housing situation

The ‘Housing for all’ scheme was launched by the Government of India in June 2015, with the objective of constructing 20 million houses for the urban poor by 2022. In this article, Roshan Kishore...

  • Perspectives

Why is labour mobility in India so low?

Rural-to-urban migration is surprisingly low in India, compared with other large developing countries, leaving higher paying job opportunities unexploited. This column shows that well-functioning rura...

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How do rural roads affect development? Evidence from India

Despite broad consensus that high transportation costs are a large barrier to economic development, many of the world’s poor live in rural communities without paved roads, impeding their access to o...

  • IGC Research on India

Markups and capital misallocation: A trade-off? Evidence from the Indian manufacturing sector

Capital misallocation in India has continuously increased over the past two decades, despite extensive liberalisation. At the same time, the importance of financial frictions for the Indian economy ha...

  • IGC Research on India

Fixit, not Brexit

In a referendum on 23 June, Britain voted for its exit from the European Union. In this article, Maitreesh Ghatak, Professor of Economics, London School of Economics, discusses the causes and likely ...

  • Perspectives

What does China’s ‘new normal’ mean for India?

China’s new normal – a growth rate of at least 6.5% - has been set as a target in its 13th Five Year Plan. In this article, Sharmila Kantha, Principal Consultant, Confederation of Indian Industry,...

  • Perspectives

Painful spillovers from slowing BRICS growth

A synchronous growth slowdown has hit emerging markets, especially the BRICS, since 2010, with the potential for significant adverse spillovers to the rest of the world. This column estimates that a ...

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Does democracy cause growth?

Many analysts view democracy as a neutral or negative factor for growth. This column discusses new evidence showing that democracy has a robust and sizeable pro-growth effect. It finds that a country ...

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Can Governments Increase Revenues By Lowering Taxes? A Study of Competing Policies To Reduce Tax Evasion During House Purchase in India

In the specific context of India, this project studies which of the two tools – the stamp duty or the guidance value – leads to higher truthful reporting of property prices. Using a hedonic model ...

  • IGC Research on India

Why outward FDI should be encouraged

The ‘Make in India’ programme seeks to incentivise global investors to manufacture in India. In this article, Natasha Agarwal, an independent research economist argues that efforts should also be ...

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Union Budget 2016: Will it support India's economic transformation?

In this year’s Budget speech, the Finance Minister articulated the government’s agenda to ‘Transform India’ through a set of economic reforms framed in terms of ‘nine pillars’ - agricultur...

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Plaksha University

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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...

  • Perspectives

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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