24 October, 2018Demonetisation’s multiple failures
With 99.3% of banned currency returning to the banks, it is clear that demonetisation’s primary objective of nullifying ‘black money’ was not achieved. In this post, Dr Renu Kohli contends that ...
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Renu Kohli 
12 October, 2018
- Perspectives
The challenge of identifying economic activities of firms
The reliability of India’s GDP estimates has been debated extensively. A key challenge in the construction of macro-aggregates lies in the proper identification of firms’ economic activities as fi...
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Radhika Pandey Amey Sapre Pramod Sinha
- 23 August, 2018
- Perspectives
GST: A ‘good and simple’ tax?
The Goods and Services Tax (GST) came into effect in India on 1 July 2017. Even as it is too early to judge the performance of GST relative to the system of indirect taxation it has replaced, Gaurav D...
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Gaurav Datt
- 18 June, 2018
- Perspectives
When windmills tilt: The FRBM debate?
In this article, Dr Pronab Sen presents his views on the ongoing debate on the Fiscal Responsibility and Budget Management Act.
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Pronab Sen
- 08 May, 2017
- Perspectives
Highway network designs and regional economic development
The Indian National Highway Development Project and its components such as the Golden Quadrilateral or the North-South and East-West corridors are planned to alleviate constraints due to insufficient...
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Simon Alder
- 03 April, 2017
- Articles
Community origins of industrial entrepreneurship: Theory and historical evidence from India
The transition from agriculture to trade and the subsequent transition from trade to manufacturing are key stages in the development process. In countries where a substantial manufacturing sector exis...
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Bishnupriya Gupta Dilip Mookherjee Kaivan Munshi
- 31 March, 2017
- IGC Research on India
Infrastructure and economic growth: The role of airports
Given that banking sectors in low-income countries are inefficient, why don’t lenders from wealthier countries profitably lend to productive firms in these countries? One possibility is that foreign...
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Natalie Bau Jesse Schreger
- 31 March, 2017
- IGC Research on India
On India's latest GDP numbers
India’s latest GDP data shows that the economy grew at 7% in the previous quarter, despite demonetisation. In this article, Abhijit Banerjee discusses why the new numbers are likely to be an overest...
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Abhijit Banerjee
- 25 March, 2017
- Perspectives
The dangers that lie beneath India's IT layoffs?
The ongoing layoffs in India’s IT sector are at a scale that has not been seen since the global financial crisis of 2008. In this article, Maitreesh Ghatak, Professor of Economics at LSE, contends t...
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Maitreesh Ghatak
- 24 March, 2017
- Articles
Land acquisition and corporate investment: Legacy of historical land ceiling legislations?
Firms in India often find it difficult to purchase land, resulting in projects being delayed, relocated, or cancelled. Analysing firm- and state-level data, this column explores the impact of post-in...
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Sarmistha Pal Tiago Pinheiro Zoya Saher
- 23 March, 2017
- Perspectives
How India can reduce the size of its black economy
In this article, Parag Waknis contends that if the Indian government is serious about addressing the black economy, fundamental changes in the structure and organisation of the economy and politics ar...
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Parag Waknis
- 20 March, 2017
- Perspectives
Chasing one's own tail: Dealing with tax non-compliance
A key, stated objective of the recent denotification of high-denomination currency notes was to eliminate black money arising from tax evasion, and to expand the tax net. In this article, Sangram Gaik...
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Sangram Gaikwad Kailash Pundlik Gaikwad
- 01 March, 2017
- Articles
Reviving the informal sector from the throes of demonetisation
While recent measures announced by the government indicate some awareness of the hardships inflicted on the informal sector by the note ban, more needs to be done. In this article, Bhattacharya, Mitra...
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Kaushik Bhattacharya Siddhartha Mitra Sarmistha Pal Bibhas Saha
- 13 February, 2017
- Perspectives
Union Budget 2017-18: No amends for the sins of demonetisation
Commenting on India’s Union Budget 2017-18, Siddharth Varadarajan, a Founding Editor of The Wire, contends that dealing with the aftereffects of demonetisation requires a fiscal and monetary boost, ...
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Siddharth Varadarajan
- 06 February, 2017
- Perspectives
India's Union Budget 2017-18: Status quo for the social sector
On 1 February, The Finance Minister of India presented the Union Budget 2017-18. In this article, Yamini Aiyar, Director of Accountability Initiative, contends that for social policy, the Budget sugg...
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Yamini Aiyar
- 03 February, 2017
- Perspectives
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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
Renewable energy and India's future
In the world’s second-most populous country, it is unsurprising that the topic of energy supply should be a key issue – and, in particular, its sustainability. This column completes a series on I...
- Ramprasad Sengupta
- 13 May, 2013
- Articles