16 July, 2021India’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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Tianyu Fan Michael Peters Fabrizio Zilibotti 
18 June, 2021
- Articles
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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Bornali Bhandari Samarth Gupta Ajaya Kumar Sahu K Subbaraje Urs
- 04 May, 2021
- Articles
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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Maitreesh Ghatak
- 01 May, 2021
- Articles
The new plan body must have a certain oomph
PM Modi has announced that his government plans to scrap the six-decade old Planning Commission and replace it with a more contemporary think tank. In this article, Abhijit Banerjee outlines the vari...
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Abhijit Banerjee
- 21 August, 2014
- Articles
Investment in Pakistan: Prospects and challenges for India
With the growing importance of India as a leading source of FDI in South Asia, and Pakistan’s liberal investment policies, there is great potential for Pakistan to attract FDI from India. This colu...
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Samridhi Bimal
- 21 July, 2014
- Articles
Modi's first Budget for India: Disappointing but retrievable
In this article, Arvind Subramanian contends that while Modi’s first Budget was good on vision, it fell short in terms of fiscal adjustment, budgetary transparency and credibility, and specificity ...
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Arvind Subramanian
- 15 July, 2014
- Perspectives
Two views on the Budget
The Modi government’s first Budget has received a mixed response. Eswar Prasad and Bharat Ramaswami present two distinct views on the Budget. While Prasad is of the opinion that the Budget hits the...
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Eswar Prasad Bharat Ramaswami
- 12 July, 2014
- Perspectives
Keys to successful reform in India
The new Indian government’s first budget - due to be unveiled this week – will be an important indicator of how forcefully the new PM intends to translate his mandate of putting India’s economy...
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Eswar Prasad
- 09 July, 2014
- Perspectives
The Jaitley Budget: Planning for crisis
El Nino can potentially derail the best-laid plans of the new government in India. The article contends that the finance minister would do well to plan his first Budget by attaching a reasonable prob...
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Arvind Subramanian
- 23 June, 2014
- Perspectives
The Goods and Services Tax: Light at the end of the tunnel?
As the Goods and Services Tax is inching towards implementation, a major overhaul of the Indian tax system has also been in progress. This article discusses three key strengths of the ongoing process...
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Nirvikar Singh
- 18 June, 2014
- Perspectives
An economic roadmap for India
With a new government at the Centre, there is an expectation of a revival of growth of the Indian economy. This article contends that India can return to the path of sustainable growth by investing i...
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Iqbal Dhaliwal Gita Gopinath
- 30 May, 2014
- Perspectives
Reversing premature de-industrialisation in India
In countries across the world, de-industrialisation is taking place earlier in the development process. This column analyses how India fares in this regard. It finds that for most Indian states, the ...
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Amrit Amirapu Arvind Subramanian
- 26 May, 2014
- Articles
India's power sector reforms: Who reaped the benefits?
The cornerstone of India´s power sector reforms is the 2003 National Electricity Act that limited state intervention in the power sector. This column analyses the effects of the Act on Indian manufa...
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David Szakonyi Johannes Urpelainen
- 02 May, 2014
- Articles
The costs of employment protection
Restrictive labour laws govern the formal sector in India, whereas the informal sector is virtually unregulated. This column analyses the impact of reforms pertaining to employment protection legisla...
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Sean Dougherty Veronica Frisancho Kala Krishna
- 30 April, 2014
- Articles
The puzzle of declining labour intensity in organised Indian manufacturing
It is surprising to note that labour intensity in the organised manufacturing sector in India, particularly in industries with greater labour requirements, has shown a sustained decline over the past...
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Kunal Sen
- 25 April, 2014
- 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
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...
- Rajeswari Sengupta
- 24 March, 2020
- Perspectives