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Effect of food prices on inflation: Is monetary policy an effective tool?

With rising inflation becoming a global concern, Balakrishnan and Parameswaran discuss some explanations for the high inflation in India. They find that inflation was driven by a domestic rise in food...

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India’s debt dilemma

In the fifth article in the Ideas@IPF2023 series, Eichengreen, Gupta and Ahmed reveal how high levels of debt in India limit the resources available for other priorities. At the same time, they predic...

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Budget 2024-25: A countercyclical approach to fiscal policy

Keynes propounded that fiscal policy should be countercyclical in nature – expansionary during recession and contractionary during periods of boom. In this post, Aakanksha Shrawan analyses India’s...

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India's macroeconomic outlook: Is uncertainty the new paradigm?

The provisional growth estimate for India for 2014-15 is 7.3%, higher than 6.9% growth in 2013-14. In this article, Bornali Bhandari – a Fellow at the National Council of Applied Economic Research ...

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Rise of informality in India's tradable manufacturing sector

The vast informal sector in India affects everything from poverty to growth. This column presents new facts on how Indian job growth in manufacturing is concentrated in informal tradable industries, ...

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Land acquisition, industrialisation, and displaced households

Does industrialisation on acquired land benefit those displaced? Evaluating the long-term livelihood effects of the first Special Economic Zone in the state of West Bengal, this column finds that the...

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Growth and inequality: The contrasting stories of India and Brazil

The development paths of India and Brazil are, in some ways, mirror images of one another. While growth and inequality were both high in Brazil until 1980 and then declined – first growth declined ...

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Clearing the fog on the new GDP numbers

The Central Statistics Office recently changed the way GDP is calculated in India, revising the growth estimate for 2013-14 from 4.7% to 6.9%. Many are confused and skeptical about the new numbers, p...

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The labour reforms debate: Broadening horizons

Even as the government has indicated that it plans to go slow on labour reforms and build consensus among all stakeholders, trade unions are protesting against “anti-labour” reforms. In this arti...

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Where is India's growth story headed?

The global financial crisis and domestic policy paralysis led to a decline in firms’ investment activities and investors’ business confidence in India. Could this have affected the economy’s lo...

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Assessing the economic effects of India 'Looking East'

PM Modi recently said that India needs to move from ‘Look East’ to ‘Act East’ and that this is a key component of his government’s foreign policy. In this article, Ganeshan Wignaraja, an ec...

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Responding to external shocks

Following the global financial crisis of 2007-08, the Indian economy was exposed to various shocks. While the major source of shocks was external, the effects were magnified by certain lapses in dome...

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Analysing net foreign earnings of India's corporate sector

The corporate sector is the linchpin of the ‘Make in India’ campaign. This column finds that the sector is increasingly relying on imported inputs and its net foreign earnings are on the decline,...

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How serious are India's manufacturing skill gaps?

It is widely believed that skill gaps are constraining Indian manufacturing, and closing these gaps has become a national priority. This column argues that the public debate on India’s skill gaps r...

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Land acquisition debate: The price is not right

The central government’s move to amend the 2013 land acquisition Act has come under criticism for being ‘anti-farmer’. In this article, Maitreesh Ghatak and Parikshit Ghosh argue that while the...

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Recent Contributors

Sayamsiddha

Sayamsiddha

Independent Researcher

Aakanksha

Aakanksha Shrawan

National Institute of Public Finance and Policy

Pulapre

Pulapre Balakrishnan

Centre for Development Studies

M.

M. Parameswaran

Centre for Development Studies

Dibyendu

Dibyendu Maiti

Delhi School of Economics

Naveen

Naveen Kumar

Delhi School of Economics

Debajit

Debajit Jha

O. P. JIndal Global 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...

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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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