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(Co-authored with Vimal Balasubramaniam, Kusan Biswas, and Mithila A. Sarah)
The lockdown that began in the last week in March 2020 has affected people from all walks of life. Frictions faced by several sectors and stakeholders such as essential service suppliers, farms, factories, migrant labourers have …
The myth of India’s import dependence
03/07/2020
In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.
If bilateral …
Does India’s current system of fiscal transfers undermine the spirit of co-operative federalism?
01/07/2020

(Co-authored with Atul Sarma)
To contain the spread of the coronavirus pandemic, the government imposed a nationwide lockdown starting from March 25. As all economic activity came to a standstill, there was a large-scale disruption of livelihoods, accompanied by the spread of starvation and disease. A …
Intuition, not prediction
05/06/2020
There is a difference between an estimate, a projection, and a forecast. Projections extrapolate on past trends. Forecasts are based on an economic model that uses data to forecast future economic magnitudes.
The Covid crisis makes “data driven” projections inaccurate, as the past provides zero guidance …
Articulate an economic strategy
10/05/2020
The country has been in lockdown mode since March 24, administered centrally by the Ministry of Home Affairs, using powers conferred under the National Disaster Management Act. The approach has thus far been an administrative one, the overarching aim being to minimise the spread of the epidemic. Subject to …