The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to Joel Mokyr, the economic historian of Industrial Revolution; and Philippe Aghion and Peter Howitt for their theoretical models on Schumpeterian “innovation-driven economic growth”.

The Nobel laureates’ work reminds that economic growth cannot be taken for …

The RBI’s October 2025 policy overhaul focuses on price stability, strengthened Basel norms, AI regulation, and revamped credit frameworks. This shift aims to enhance financial resilience, encourage innovation, and sustain growth

The Reserve Bank of India (RBI), following its recent monetary policy committee (MPC) meeting in October 2025, has undertaken …

While cash transfers provide immediate financial support, they might not necessarily lead to long-term “agency” in a woman or her economic empowerment. Participation income, on the other hand, encourages women to engage in economic activities

The recent policy announcement by Prime Minister Narendra Modi regarding a ₹10,000 cash transfer to …

Fiscal rules focus on debt-to-GDP ratios, but overlook debt maturity structure, crucial for managing refinancing risks. India's subnational governments exhibit varied maturity strategies, with longer maturities offering stability amid fiscal pressures

In an era of burgeoning public debt—now at above 235 percent of global gross domestic product, as per IMF …

(co-authored with Lekha Chakraborty)

Artificial Intelligence (AI) and Machine Learning (ML) are transforming the global financial landscape by enabling systems to analyze complex data, predict outcomes, and automate decision-making. While AI broadly refers to machines simulating human intelligence, ML is a subset where algorithms learn patterns from data to improve …