An autonomous research institute under the Ministry of Finance


Subsidies, merit goods, and fiscal space: An aspect of public expenditure in India - I


blog author image
(Co-authored with Satadru Sikdar)
Large fiscal deficits and even larger public-sector borrowing requirements are a regular feature of the fiscal landscape in India. In this context, this article argues that rationalisation of the prevailing large volume of non-merit subsidies should constitute a major component of deep fiscal reforms. Doing ...

Monetary policy in the pandemic


There is a great deal of concern about the path of monetary policy, given that headline inflation has breached the required range, from 2 to 6 per cent CPI inflation, in 7 of the latest 8 months. The inflation data, however, reveals a surge in prices in April 2020, which ...

Do stamp duties affect transaction volumes? A study of real estate transactions in Mumbai


blog author image
The real estate market in India has many factors that cause price inefficiencies. The outcome is that investors will stay away from real estate markets as long as these inefficiencies exist. So how can market efficiency and thereby participation be increased? The Coasian answer is that a market will yield ...

Carrying the ideas of New Education Policy to execution


In fields like education and health care, there is a tension between government as producer versus government as regulator versus government as a funder. The New Education Policy makes a beginning in proposing a separation between these `pillars of intervention'. A lot of mainstream knowledge in the field of state ...

Ideas of India: Libertarianism by Necessity


Shruti Rajagopalan talks to Ajay Shah about when a market failure justifies state intervention
Ideas Of India is a new podcast where Mercatus Senior Research Fellow Shruti Rajagopalan examines the academic ideas that can propel India forward. You can subscribe to the podcast on Apple, Spotify, Google or the ...