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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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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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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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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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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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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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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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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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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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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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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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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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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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Recent Contributors

Suman

Suman Chakrabarti

University of Washington

Viral

Viral Acharya

New York University

Siddharth

Siddharth Vij

University of Georgia

Prem Shankar

Prem Shankar Mishra

Population Research Centre, Institute for Social a

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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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