An autonomous research institute under the Ministry of Finance

 

Does India’s current system of fiscal transfers undermine the spirit of co-operative federalism?

01/07/2020

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(Co-authored with Atul Sarma)

 
To contain the spread of the coronavirus pandemic, the government imposed a nationwide lockdown starting from March 25. As all economic activity came to a standstill, there was a large-scale disruption of livelihoods, accompanied by the spread of starvation and disease. A measure to address ...

Intuition, not prediction

05/06/2020

There is a difference between an estimate, a projection, and a forecast. Projections extrapolate on past trends. Forecasts are based on an economic model that uses data to forecast future economic magnitudes.
 
The Covid crisis makes “data driven” projections inaccurate, as the past provides zero guidance for the future ...

Articulate an economic strategy

10/05/2020

The country has been in lockdown mode since March 24, administered centrally by the Ministry of Home Affairs, using powers conferred under the National Disaster Management Act. The approach has thus far been an administrative one, the overarching aim being to minimise the spread of the epidemic. Subject to this ...

Coronavirus crisis: Little relief for the Indian economy

10/04/2020

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(Co-authored with Lekha Chakraborty)
 
Ex-gratia payments to women account holders PMJDY, poor widows, senior citizens and physically challenged persons are welcome steps, including free gas cylinders for Ujjwala beneficiaries.
 
The world is shut down to avoid a catastrophe. This has caused enormous damage to economies leading to a ...

Economic lessons of Coronavirus

06/03/2020

The outbreak of the coronavirus epidemic is neither unprecedented nor intractable. However, its genesis in China, and its transitive impact on global economic activity, portend important lessons for economists.
 
Globalisation brings structural risks which have to be analytically recognised and addressed
 
Globalisation represented the triumph of the ...