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Nobel 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...

  • 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 ...

  • 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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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...

  • 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.

  • 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...

  • 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...

  • 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...

  • 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...

  • 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...

  • 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...

  • 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...

  • 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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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...

  • 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...

  • IGC Research on India

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Divya Ravindranath

Indian Institute for Human Settlements, Bangalore

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Aajeevika Bureau (Ahmedabad)

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University of Virginia

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University of California, San Diego

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University of Illinois, Urbana-Champaign

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Stanford Graduate School of Business

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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...

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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...

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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...

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