Classical economics was developed for a stable world, for a world that developed along Darwinian ecological ways. It was realized that individuals faced some future risks (illnesses, death, accidents, unemployment, etc.). These risks could be dealt with by private insurance companies, which developed accordingly. They could also be dealt …

(Co-authored with Lekha Chakraborty)

 

Given that a timely deficit may not have adverse macroeconomic consequences, surviving this pandemic first by enhancing the required spending is crucial

 

As India reels from a new wave of COVID-19, concerns are being raised about the …

(Co-authored with Lekha Chakraborty)

 

US Recovering faster than emerging economies presents a policy challenge for latter.

 

With the passage of Joe Biden’s $1.9 trillion coronavirus relief package receiving final backing from the US House of Representatives, the cumulative fiscal stimulus to heal the …

(Co-authored with D Priyadarshini)

 

Recent news reports suggest the upcoming budget may include proposals for a Bank Investment Company (BIC) anchoring the government’s shareholding in its banks. With a predominantly bank-led growth strategy, banks face the daunting task of managing the pandemic’s impact on their balance …

(co-authored with Debasri Mukherjee)

 

The developing world has succeeded in significantly reducing the prevalence of under-nourishment over the last three decades compared to India [See Figure 1]. However, during this time the share of wasted (having low weight-for-height) children in India has remained around 20 percent. …