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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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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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Should India embrace inflation targeting?

The Urjit Patel Committee recommended the formal adoption of an inflation targeting regime for India. In this article, Iyanatul Islam compares the views of the current RBI Governor with those of his ...

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Can services be a growth escalator in low-income countries?

Just like the East Asian Tigers, the Lions of Africa are now growing much faster than the developed economies. However, this column shows that the growth escalators in Africa are different than in Ea...

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From tapering to tightening: The impact of the Fed's exit on India

India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a co...

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The Planning Commission and federal transfers

A key function of the Planning Commission was to allocate financial assistance from the centre to the states in support of the five-year plan. In view of the impending replacement of the Planning Com...

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Building a new house, returning to an original foundation

Most commentators in the Planning Commission debate believe that the new body should be some form of national think-tank focusing on the technical function of formulating an economy-wide strategic vis...

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What explains the increasing use of contract workers in Indian manufacturing?

Contract workers constituted about one-fourth of all workers in formal manufacturing in India in 2008. This column analyses the extent to which trade liberalisation and lack of labour reforms explain...

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Land Shackled - II

Rising land scarcity and land market distortions are increasingly becoming a binding constraint on development in India. In their previous article, Kapur, Somanathan and Subramanian diagnosed India...

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Land Shackled

Rising land scarcity and land market distortions are increasingly becoming a binding constraint on development in India. In the first of a two-part series, Kapur, Somanathan and Subramanian diagnose ...

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From 'Mess in India' to Made in India' as a global brand?

PM Modi recently launched the ‘Make in India’ campaign to attract investment and boost manufacturing. In this article, Maitreesh Ghatak contrasts the campaign with the Chinese model of economic g...

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Revisiting Indian inflation

Persistently high inflation is a key challenge facing India today. This column analyses long-term trends in Indian inflation and causal factors. It also discusses the current thinking of the RBI on r...

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In lieu of the Planning Commission: Part V

In this post, Ashwini Kulkarni, who works with the NGO Pragati Abhiyan in the state of Maharashtra, provides her perspective on some of the issues involved in replacing the Planning Commission. In he...

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In lieu of the Planning Commission: Part IV

In this post, Pronab Sen – former Principal Adviser, Planning Commission of India – provides his perspective on some of the issues involved in replacing the Planning Commission. In his view, none...

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Prem Shankar

Prem Shankar Mishra

Population Research Centre, Institute for Social a

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T.S. Syamala

Population Research Centre, Institute for Social a

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Ashok Kotwal

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

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Clément Imbert

University of Warwick

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Roland Rathelot

University of Warwick

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Poonam Panda

J-PAL South Asia

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Apurav Yash Bhatiya

University of Warwick

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Bhaskar Chakravorty

University of Warwick

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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...

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