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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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Of twists and turns: Monetary policy and ‘term premium’

As India’s economic growth slowed down in recent years, the reliance on monetary policy to stimulate growth increased significantly – especially during the pandemic. Analysing data from 2018-2020,...

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Growth in India: Narratives and evidence

There are various narratives on the trajectory of India’s economic growth, and its key determining factors. This article analyses the recently released GDP data series at 2011-12 prices, extending b...

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How innovations in telecom can promote inclusive growth

Applications of Information and Communications Technology, such as mobile banking, have potential to promote inclusive growth and equity. This column analyses conditions under which innovations in IC...

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Why taxing property is essential for local government accountability

With rapid decentralisation and urbanisation, wealth is increasingly vested and locked up in land and property in India. In their previous article, Kapur and Subramanian emphasised the importance of ...

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Service sector growth and convergence across Indian states

India’s success story in the services sector is well documented at the national level. However, similar literature does not exist for India’s states. This column seeks to bridge this gap by looki...

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Taxation's fatal neglect?

Today, the public discourse on government finances in India is largely focused on spending. This article emphasises the importance of taxes, particularly income tax, in ensuring citizen participation...

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Can SMEs drive India's growth?

Investment, particularly by the corporate sector in India, drove high growth rates during 2003-2009. Given the expected slow and weak recovery of the global economy, Indian corporates are unlikely to...

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Understanding India's unbalanced growth

Growing regional disparities in India are a cause for concern. But little is known about the relative importance of possible reasons for the varied growth experiences across the country. This column ...

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Inflation targeting in India: Right and wrong

An RBI-appointed Expert Committee has recommended targeting a 4% inflation rate, but allowing it to vary between 2% and 6%. This column takes a different position on the target and leeway. It argues ...

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Expanding productive employment in India

While India’s relatively high growth has not entirely been ‘jobless’, employment generation has been low, and mostly in the form of informal jobs. This column examines the employment experience...

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India's unique crisis - a short term fix

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In thei...

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India's unique crisis

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In the ...

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The crisis in Indian manufacturing

Manufacturing sector growth in India has fallen from over 9% to a dismal 1% in the past couple of years. This article discusses the factors that have caused a slowdown in organised and unorganised ma...

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Can India grow faster again?

India’s growth prospects seem gloomy. This article argues that India can grow fast again even in the current global economic climate as it is different from other emerging economies in a number of ...

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International Food Policy Research Institute

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International Food Policy Research Institute

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ICAR-National Institute of Agricultural Economics

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Indian Institute of Management Ahmedabad

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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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