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. …

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 …

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 …

(Co-authored with Amandeep Kaur and Divy Rangan)

 

Climate change commitments require long term fiscal policy instruments, such as climate responsive budgeting and ecological fiscal transfers . In India we have Climate Action Plans at national and subnational government levels. However, a roadmap towards comprehensive climate responsive …

Violence against women (VAW) is now acknowledged as a global problem with substantial macroeconomic costs. This is a “shadow pandemic”. Prior to the global contagion of Covid-19, the global cost of VAW had been estimated at approximately $1.5 trillion.

 

Growing VAW is one of the greatest …