An autonomous research institute under the Ministry of Finance

 

Growth First

14/10/2021

blog author image
RBI is grapping with multiple challenges. For now, it has made its priority clear
 
In the recent Jackson Hole economic symposium and the FOMC (Federal Open Market Committee) meeting, US Fed Chair Jay Powell specified the likelihood of tightening US monetary policy by reducing the …

Why Indian States Need to Incorporate Gender Budgeting in Their Fiscal Planning

17/08/2021

blog author image
Even in a state like Kerala, higher human development indices have not translated into equally solid gender outcomes.
 
An interesting public policy question that has emerged over the last few years is why high human development indices are not translating into a better ‘gender status’ …

The government must loosen its purse strings

18/03/2021

blog author image

(Co-authored with Emmanuel Thomas)

 

Given the limitations of monetary policy, a fiscal push is crucial for sustained growth recovery.
 
That the Indian economy has managed to exit a “technical recession” to grow at 0.4 per cent in the third quarter is heartening indeed. …

A gender lens on recovery packages

15/03/2021

blog author image
Exuberance in financial markets alone is no indicator of recovery. Sans response in terms of gender equality, recovery will be unsustainable
 
The United Nations Secretary General has called for an emergency pandemic response package, with a threshold of 10% of the GDP. A Policy Support Tool …

Understanding the Anatomy of India's High Fiscal Deficit

02/02/2021

blog author image
Extraordinary times require extraordinary policy responses. Against the backdrop of macroeconomic uncertainty in the time of the COVID-19 pandemic, finance minister Nirmala Sitharaman has presented a “significant” fiscal deficit number – which went upto 9.5% in FY21 – from a position of strength. Simultaneously, commencing a fiscal consolidation path …