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More »Why Output Gap is controversial
28/12/2020
(Co-authored with Amandeep Kaur)
The macroeconomic uncertainty in times of COVID-19 pandemic is hard to measure. Economists and policymakers use the variable “output gap” to capture the “slack”. It is a deviation between potential output and actual output, which is a standard representation of a “cycle”. …
Reviving the Indian Economy
12/11/2020
The Finance Minister Smt Nirmala Sitharaman had said that the demand for consumer goods has increased considerably during the festival months. October-to-March is the festival season in India. Based on the “Nikkei Manufacturing Purchasing Manager's Index (PMI)”, the Finance Minister said that the “economic activity had picked up in …
Gender Budgeting in Multi-level Governance
28/09/2020
(Co-authored with Veena Nayyar and Komal Jain)
Gender budgeting is an approach that uses fiscal policy to promote gender equality by trying to translate gender commitments into fiscal commitments through processes, resources and institutional mechanisms. In a multi-level governance structure, the political economy of gender …
(Coauthored with Emmanuel Thomas)
After US President Donald Trump’s visit to India, attention has shifted to the enormous bilateral defence deal worth $3 billion from the ‘deficits and tariffs’ debate in the India-US economic diplomacy discourse. His reiteration of India as a ‘tariff king’ was …
[ In conversation with Jayant Sriram of The Hindu. ]
Adequate fiscal space and socioeconomic context should be the basis for welfare policies
There is an overwhelming consensus that a slew of welfare policies initiated by the Aam Aadmi Party (AAP) government in its previous term secured the party’s victory …