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Budget 2022-23: Hits and misses

Outlining the hits and misses of the Budget 2022-23, Rajeswari Sengupta contends that the capital expenditure push by the government seems to be a step in the right direction, while the rationale behi...

  • Perspectives

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,...

  • Perspectives

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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Covid-19: Getting fiscal policy right

The textbook answer to financing of additional government expenditure in a recession is that the government should borrow the funds rather than impose a tax. Gurbachan Singh argues that the convention...

  • Perspectives

Covid-19: Consequences for state finances

When Covid-19 pandemic started in India, given that health is a state subject, individual states reacted as best they could under state-level legislations. However, as more than 60% of all economic ac...

  • Perspectives

How costly are flawed government responses to Covid-19? An assessment of the migrant crisis

By March-end, countless migrant workers started fleeing India’s locked-up cities and trekking home to their villages amidst the Covid-19 crisis. Sarmistha Pal argues that government’s responses un...

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Covid-19: Expected migrant movement as lockdown eases

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 ...

  • Perspectives

Covid-19: Health, macroeconomics, and trade

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...

  • Articles

Is Covid-19 equally deadly across all states?

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...

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15th Finance Commission: Covid-19 warrants rethink of local government allocations

The 15th Finance Commission has made significant departures from the previous Central Finance Commissions in its recommendations for urban local governments, in its interim report for 2020-21. In this...

  • Perspectives

Covid-19: Ashok Kotwal speaks with Pronab Sen

In conversation with Ashok Kotwal on the ongoing economic crisis caused by lockdown to mitigate Covid-19 spread, Pronab Sen breaks down the problem into survival of individuals and livelihoods, and th...

  • Podcasts

Covid-19 and MSMEs: The ‘identification’ problem

A recent survey of 5,000 micro, small, and medium enterprises (MSMEs) found that 71% of them could not pay salaries to their workers in March 2020 due to the Covid-19 lockdown in India. The government...

  • Perspectives

Covid-19: The infected economy

India, along with much of the world, is now in a lockdown. But the cost of locking down the country is particularly high for the urban poor in India. Besides, the reality of urban living reduces the e...

  • Perspectives

Only germs this time, no guns and steel (yet)?

The first round of globalisation over the previous centuries was associated with a transmission of diseases between continents. With Covid-19, history seems to be repeating itself, but this time in th...

  • Perspectives

Financing of fiscal response to Covid-19: A red herring?

Governments around the world are frenetically announcing an expanding slew of rapid response measures to address the fallouts of Covid-19 pandemic. The fiscal price tag on these measures is massive an...

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Recent Contributors

Parantap

Parantap Basu

Durham University

Ashok

Ashok Kotwal

Editor-in-Chief, I4I; University of British Columb

Pronab

Pronab Sen

IGC India

Rajeswari

Rajeswari Sengupta

Indira Gandhi Institute of Development Research

R.

R. Nagaraj

Centre for Development Studies

Amartya

Amartya Lahiri

University of British Columbia

Abhishek

Abhishek Singh

Indian Institute of Technology, Delhi

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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...

  • 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...

  • Perspectives

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...

  • Perspectives