International experience suggests that the rates of fatality on account of Covid-19 vary across the world. In this post, Jain and Chatterjee seek to estimate the fatality rate of the pandemic in India...
There is great uncertainty around the spread and eventual end of the Covid-19 pandemic, and the possibility of extended or intermittent lockdowns. Besides the immediate health crisis and loss of liv...
- Anirudh Shingal
- 30 April, 2020
Since the lockdown was announced in India, many migrants have undertaken the difficult journey to their place of origin. However, millions of them are still in cities, and some are expected to return ...
- Clément Imbert
- 01 May, 2020
Union Budget 2020: Preference for infra spending, divestment, and directing resources to middle class
Finance Minister Nirmala Sitharaman presented the Union Budget for 2020-21 on 1st February – at a time when economy is facing an economic slowdown. In this post, Niranjan Rajadhyaksha contends that ...
- Niranjan Rajadhyaksha
- 03 February, 2020
The Indian economy is currently experiencing a sharp slowdown, and the government has reacted with corporate tax cuts and a large infrastructure initiative. Using annual data from 1987-2017 for six So...
Do tax systems distort firm-to-firm trade? This article considers the effect of tax policy on supplier networks in the state of West Bengal in India. It finds that on average, firms buy 12% more from ...
India’s GDP growth has slowed sharply from 8% per annum last year to 5% in the second quarter this year. In this post, Ashoka Mody contends that the ongoing slowdown is not a short-term disruption; ...
- Ashoka Mody
- 22 November, 2019
The Goods and Services Tax (GST) Council met in Goa in September 2019 to find a way to boost the weakening Indian economy. The Council recommended reductions in GST rates for certain categories of goo...
- Abheek Barman
- 20 November, 2019
In 2001 and 2006, India introduced the automatic approval of foreign direct investments of up to 51% of domestic firms’ equity to industries in which foreign investment was initially restricted. Thi...
The Indian economy is going through an economic slowdown. Several economists have made a case for an expansionary fiscal policy to deal with the slowdown. In this post, Gurbachan Singh argues that it ...
- Gurbachan Singh
- 04 November, 2019
Property tax, levied on ownership of any real property, is a significant source of revenue for city-level municipal governments in India. However, revenue collections from it are quite low as it is po...
‘Demonetisation’ announced in India in December 2016 made 86% of cash in circulation illegal tender overnight, with new notes gradually introduced over the next several months. This article combin...
- Gabriel Chodorow-Reich
- 18 October, 2019
In the previous part of this series, Ashok Kotwal and Pronab Sen traced the genesis of the present economic slowdown. In this part, they discuss the way forward to arrest the slowdown. They suggest a ...
In the previous part of this series, Ashok Kotwal and Pronab Sen presented an export-led development strategy employed by successful Asian countries and why India failed on this front. In this part, t...
In the previous part of this series, Ashok Kotwal and Pronab Sen described the generic process of development in a dual economy. In this part, they present the strategies employed by successful Asian ...
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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
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...
The crisis that emerged in the US subprime mortgage market this month 10 years ago, not only engulfed the country’s financial system but the entire global economy. In this post, Vikas Dimble and Nal...