20 March, 2024Effect 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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Pulapre Balakrishnan M. Parameswaran 
19 July, 2023
- Articles
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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Ayesha Ahmed Barry Eichengreen Poonam Gupta
- 17 July, 2023
- Perspectives
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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Aakanksha Shrawan
- 26 March, 2024
- Perspectives
Rapid Response Project on Indian Firm Data
In March 2015, IGC organised a Workshop on Industry Data, held in Delhi. The workshop provided an opportunity for academics, policy makers and government agencies to discuss difficulties they face wit...
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Samuel Asher Paul Novosad
- 31 March, 2015
- IGC Research on India
Why do so few women in India work?
Only about a third of working-age women in India have jobs. This column analyses the determinants of women’s participation in the labour market in India and finds that factors such as family income...
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Piritta Sorsa
- 27 March, 2015
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Transit networks and regional development in India
Recent research illustrates the immediate positive effects of transit networks in India on rural employment, manufacturing growth and so on. This column focuses on the long-term impact of national hi...
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Gaurav Khanna
- 26 March, 2015
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Will India really grow faster than China?
According to the IMF, India will overtake China to be the fastest growing economy this year. In this article, Chetan Ghate and Peter Robertson assess the validity of this claim. In their view, the ch...
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Chetan Ghate Peter Robertson
- 23 March, 2015
- Perspectives
The nuances of inflation targeting in India
How prepared is India for inflation targeting? This column suggests that the larger weight assigned by the RBI to tackling inflation over the years, relative to other policy objectives such as stabil...
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Abhijit Sen Gupta Rajeswari Sengupta
- 16 March, 2015
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Why India needs unemployment insurance
The central government is contemplating reform of labour laws, including those that restrict the ability of firms to fire workers. This column contends that social protection needs to be kept in mind...
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Priya Ranjan
- 11 March, 2015
- Articles
The 2015-16 Union budget and India's growth
The 2015-16 Union budget – the first full-year budget of the new government – was presented last week. In this article, Nirvikar Singh, Professor of Economics at the University of California Sant...
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Nirvikar Singh
- 04 March, 2015
- Perspectives
Evaluating the risks of inflation targeting in India
The adoption of flexible inflation targeting by the Indian government and RBI is a landmark change in the country’s monetary policy. In this article, Renu Kohli - a macroeconomic policy specialist ...
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Renu Kohli
- 03 March, 2015
- Perspectives
Modi's economic reforms: Foundation laid but time running out
Anticipation is running high that the Modi government will announce sweeping economic reforms in their first full-year budget, especially since their tenure so far has been bereft of any dramatic cha...
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Eswar Prasad
- 27 February, 2015
- Perspectives
Why the World Bank's International Comparison Program has limited use for India
Preliminary results from the World Bank’s International Comparison Program, which seeks to compare the economies of 199 countries across the globe, were released recently. In this article, Ranjan R...
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Ranjan Ray
- 20 February, 2015
- Perspectives
'Cry, the Beloved Country': Mending Punjab's economy
The growth rate of Punjab, which once ranked among India’s most affluent states, is slowing. In this article, Nirvikar Singh, who holds the Sarbjit Singh Aurora Chair of Sikh and Punjabi Studies at...
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Nirvikar Singh
- 11 February, 2015
- Articles
Where will jobs in manufacturing come from?
Conventional wisdom suggests that labour-intensive, small industries are critical for generating employment. However, this column argues that policies favouring one type of industry over another - lab...
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Radhicka Kapoor
- 23 January, 2015
- Articles
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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...
- Gurbachan Singh
- 29 February, 2016
- Articles
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...
- Prachee Mishra Roopal Suhag
- 20 November, 2017
- 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...
- Maitreesh Ghatak
- 01 May, 2021
- Articles