04 February, 2019Nobel laureate Paul Romer’s contribution to endogenous growth theory
What motivates people like Steve Jobs to spend time, money, and effort in developing new ideas despite the implicit hazard that ideas can easily be copied later? In this post, Mausumi Das contends tha...
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Mausumi Das 
24 October, 2018
- Perspectives
How tax incentives influence household financial saving
Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...
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Radhika Pandey Ila Patnaik Renuka Sane
- 28 January, 2019
- Articles
India’s national policy framework on e-commerce: Issues and concerns
In July 2018, India released a draft national policy framework on e-commerce among its stakeholders. The ensuing debate led to the government announcing a revised draft policy. In this post, Rahul Cho...
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Rahul Choudhury
- 12 November, 2018
- Perspectives
GDP conundrum: Some areas of concern around growth overestimation in Indian manufacturing
Based on the new GDP series, large upward revisions in manufacturing growth rates were made – from 1.1% to 6.2% in 2012-13, and from -0.7% to 5.29% in 2013 – 14 that were not reflective of the act...
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Amey Sapre
- 18 November, 2016
- Perspectives
GDP conundrum: What makes the changes in the new series so radical?
Dennis Rajakumar and S.L. Shetty of the EPW Research Foundation, present a detailed explanation of the wide-ranging changes in the new 2011-12 National Accounts Statistics series.
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J. Dennis Rajakumar S.L. Shetty
- 16 November, 2016
- Perspectives
Introduction to e-Symposium: The GDP conundrum
Ever since India’s Central Statistical Organisation came out with the new GDP series with 2011-12 as the base year, controversy has surrounded it. The CSO claims that the new series is calculated b...
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Parikshit Ghosh
- 16 November, 2016
- Symposia
GDP conundrum: Is India booming?
Rajeswari Sengupta, Assistant Professor at IGIDR, points out that the methodology used for the new GDP series seems to be underestimating the GDP deflator, which in turn is causing real growth to be o...
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Rajeswari Sengupta
- 16 November, 2016
- Perspectives
A macro view of India’s currency ban
The recent ban on high-value currency notes has taken the country by storm. While much is being written about the pros and cons of this announcement in terms of the effect on black money, logistical c...
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Rajeswari Sengupta
- 15 November, 2016
- Perspectives
Shock and oh damn
In this article, Pronab Sen, Country Director for the India Central Programme of the International Growth Centre, argues that India’s recent demonetisation has penalised virtually the entire informa...
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Pronab Sen
- 14 November, 2016
- Perspectives
A closer look at demonetisation
In this article, Gurbachan Singh contends that black money and white money are simplistic concepts; there is a grey area as well. In his view, the economic effects of demonetisation in terms of real e...
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Gurbachan Singh
- 13 November, 2016
- Perspectives
Nobel prize in Economics 2016: The economy as a nexus of contracts
An important line of research in microeconomics has tried to explain how the economic institutions that underpin the ‘invisible hand of the market’ actually work. The specific economic institution...
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Maitreesh Ghatak
- 19 October, 2016
- Perspectives
Nobel insights: When it comes to contracts, what's obvious may not be optimal
In a tribute to Oliver Hart and Bengt Holmström, recipients of this year’s Nobel prize in Economics, Rohini Somanathan, Professor of Economics at Delhi School of Economics, outlines their contribut...
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Rohini Somanathan
- 18 October, 2016
- Perspectives
Are grain procurement shocks inflationary?
Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may...
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Chetan Ghate Sargam Gupta Debdulal Mallick
- 17 October, 2016
- Articles
The contractualisation of India's workforce: Explanations and implications
The employment structure of India’s organised manufacturing sector has undergone substantial changes over the last decade with a steep rise in the use of contract workers in place of regular workers...
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Radhicka Kapoor P.P. Krishnapriya
- 31 August, 2016
- IGC Research on India
Land acquisition and structural transformation in Bihar: an analysis of alternative approaches
This project has three main objectives: One, the construction and analysis of a theoretical framework to evaluate the various options open to the government of Bihar to facilitate land acquisition for...
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Sanjay Jain Chinmaya Kumar
- 31 August, 2016
- IGC Research on India
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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