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Does service quality predict households’ willingness to pay for electricity connections in rural India?

While rural electrification has been a high priority for governments in the developing world, the factors that make individual households more likely to pay for electricity have received insufficient ...

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Make in India: Why didn't the lion roar?

In this Perspectives piece, Prof. Nagaraj contends that ‘Make in India’ has failed to meet its objective of turning industry around. The government has seemed more concerned with improving India's...

  • Perspectives

Firm survival in India: Status of firms formed over the last 30 years

The dynamic process of new firm formation and exit of weaker firms contributes to the evolution of industries and expansion of the economy. This article analyses the status of all new firms formed in ...

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GST Explainer: Value Added Tax 2.0

Aprajit Mahajan (UC Berkeley) and Shekhar Mittal (UCLA) outline some features of the GST that attempt to address the challenges of implementing a VAT system in India

  • Perspectives

GST Explainer: A legal scholar’s view

Arvind Datar, Senior Advocate and reputable legal scholar responds to the questions on GST posed in the introduction of this explainer.

  • Perspectives

GST Explainer: Introduction

Seventeen years after its framework was formed, India’s biggest tax reform – the goods and services tax – was rolled out on 1 July 2017. Some consider the ‘one nation, one tax’ system to be ...

  • Explainers

GST Explainer: A public finance expert’s view

Kavita Rao, Professor, National Institute of Public Finance and Policy, responds to the questions on GST posed in the introduction of this explainer.

  • Perspectives

The lad(y) doth protest too much, methinks

Former Finance Minister Yashwant Sinha has trashed the present government’s track record on economic management. In a recent article, economist Surjit Bhalla refuted Mr. Sinha’s claims with a poin...

  • Perspectives

India’s GDP: Deflating the right way

A non-ending debate on the GDP growth numbers brought out by the Central Statistics Office has been doing the rounds. In light of the mismatch between recent trends in the growth rate and an array of ...

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Inflation targeting: Should RBI revisit its inflation anchor?

Ever since the RBI switched to flexible inflation targeting with headline Consumer Price Index as the inflation anchor, inflation has witnessed a dramatic collapse. In this article, Renu Kohli contend...

  • Perspectives

Impact of community mobilisation on land rights governance

Homestead land rights, that is, the security a household enjoys over the plot of land on which its dwelling is built, shape livelihoods and living standards for poor and marginalised populations in ru...

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Purchasing power parity: Some concerns

In this article, Dr Gurbachan Singh discusses how it may be problematic to make international comparisons using PPP that is based on observed prices, and why effective prices should be used instead.

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Assessing the effectiveness of active labour market programmes in developing countries

Job growth is a key policy concern across developing countries and there are been an increased interest in the role of active labour market programmes that provide vocational training to job-seekers, ...

  • Perspectives

What does the new IIP series tell us about the state of manufacturing in India?

In May 2017, the Central Statistics Office released the new series of the Index of Industrial Production with 2011-12 as the base year, after a comprehensive revision of computation methods. The serie...

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The economic and political consequences of India's demonetisation

The ruling party at the centre won the Uttar Pradesh state election despite its demonetisation policy having some negative economic impacts on the Indian economy. By combining primary data from survey...

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Most Popular Macroeconomics Posts

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...

  • Perspectives

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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Global financial crisis and India: A look at the decade gone by

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...

  • Perspectives