An autonomous research institute under the Ministry of Finance

 

Estimating customer complaints using Twitter feeds

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03/07/2020

(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 …

Does India’s current system of fiscal transfers undermine the spirit of co-operative federalism?

01/07/2020

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(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

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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

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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 …

Coronavirus crisis: Little relief for the Indian economy

10/04/2020

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(Co-authored with Lekha Chakraborty)
 
Ex-gratia payments to women account holders PMJDY, poor widows, senior citizens and physically challenged persons are welcome steps, including free gas cylinders for Ujjwala beneficiaries.
 
The world is shut down to avoid a catastrophe. This has caused enormous damage …