An autonomous research institute under the Ministry of Finance

 

Data fundamentalism: The rise of data self-censorship thresholds in India

25/02/2020

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The data fundamentalism relates to the suppression of data over ‘adverse’ inferences or inferior data.

 

Thomas Piketty’s magnum opus ‘Capital in the Twenty-First Century’ and his later works popularised the notion of ‘top 1% income quintile’ and estimated income inequality in the context of India. He used a combination ...

What distinguishes welfare measures from freebies?

25/02/2020

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[ In conversation with Jayant Sriram of The Hindu. ]

Adequate fiscal space and socioeconomic context should be the basis for welfare policies

There is an overwhelming consensus that a slew of welfare policies initiated by the Aam Aadmi Party (AAP) government in its previous term secured the party’s victory in the ...


Gender budgeting takes a giant leap in India with 15th FC's report

10/02/2020

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“15th Finance Commission’s decision to give 12.5 per cent weightage to “demographic performance” is laudable.

 

India has made history as the first country ever to integrate gender in the intergovernmental fiscal transfers (IGFT) formula. The 15th Finance Commission has taken this bold decision — during its transition to ...


Sitharaman Misses the Chance to Exploit the Full Potential of a Higher Fiscal Deficit

04/02/2020

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IT remains a genuine confusion as to whether invoking “escape clause” to deviate from the fiscal consolidation path is in response to the unanticipated outcome of structural policy announcements or whether it is for increasing capital spending.
 
Economists often push the idea that strict adherence to fiscal rules is ...

Why India is attracting FDI

04/02/2020

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(Coauthored with Lekha Chakraborty)
 
India gained by 16% in terms of FDI inflows, from $42 billion to $49 billion, holding its position amongst top 10 FDI inflow-host countries. This is when the global FDI remained almost flat in 2019, at $1.39 trillion
 
In the World Economic Outlook ...