An autonomous research institute under the Ministry of Finance

 

India’s Economic Response to the Pandemic – Has it Been Enough?

14/07/2020

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A day before India stepped into the second phase of easing the lockdown (Unlock Two), Prime Minister Narendra Modi, via his sixth televised address to the nation since the beginning of the pandemic predicament in India, highlighted the increased instances of “carelessness,” as a cause for concern.
 
He ...

The economy of relationships as opposed to the economy of contracts

14/07/2020

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A sophisticated economy is one in which business relationships are defined by formal legal contracts. When extreme events -- such as Covid-19 -- impact upon such an economy, there is a greater disruption. In India, a large part of the economy is held aloft by family relationships or friendship, and the good ...

UNMAKING ‘MAKE IN INDIA’

13/07/2020

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(Co-authored with Rajesh Raj S.N. and Kunal Sen)
 
The possibilities of a global economic reorganisation in a post-Covid-19 world has brought the attention of the Indian government back to their flagship ‘Make in India’ programme. Speaking to his council of ministers during the lockdown, Prime Minister Modi has ...

Challenges of levying taxes on digital services

03/07/2020

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Recently, the United States declared that its trade representative will pursue an investigation under section 301 of the Trade Act, 1974, against Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey and the UK for implementing digital services tax. The investigations come at a time when ...

Estimating customer complaints using Twitter feeds

03/07/2020

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(Co-authored with Vimal Balasubramaniam, Kusan Biswas, and Mithila A. Sarah)
 
The lockdown that began in the last week in March 2020 has affected people from all walks of life. Frictions faced by several sectors and stakeholders such as essential service suppliers, farms, factories, migrant labourers have been widely reported ...