An autonomous research institute under the Ministry of Finance

 

Hunting the Heffalump

19/06/2019

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Hunting the Heffalump
Rathin Roy and Amey Sapre
 
The analytics used by Arvind Subramanian to argue over-estimation of GDP is flawed on a number of counts
 
Arvind Subramanian (AS) has written a working paper  in which he argues that “actual GDP growth” may have been 4.5 per ...


Some medium-term fiscal arithmetic

07/06/2019

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A medium-term macro-fiscal exercise will make clear the analytical choices and trade-offs that the government faces.

 

There is little doubt that the central government is constrained for fiscal space and it is, therefore, important to think about solutions going forward. I offer a medium-term macro-fiscal exercise that makes clear ...