An autonomous research institute under the Ministry of Finance


CHAMPIONS can ease MSME pain only if it effectively helps implement govt’s relief measures


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(Co-authored with Amrita Pillai)


In an ongoing effort to help the MSMEs, the Ministry of Micro, Small and Medium Enterprises launched the CHAMPIONS portal in May. The acronym stands for Creation and Harmonious Application of Modern Processes for Increasing Output and National Strength.
Touted as a one-stop, single-window ...

Intuition, not prediction


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


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


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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


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 ...