An autonomous research institute under the Ministry of Finance

 

Sustainable growth challenge: Dynamics of the Indian growth story

05/04/2019

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Gender gaps in labour force participation rates in India affect the “potential output” and also harm the inclusiveness of the growth process.
 
IMF’s World Economy Outlook recently reported that India’s real GDP growth forecast for FY19 remains at 7.3% while it is relatively higher at …

Govt's shrinking fiscal space

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05/04/2019

Election year should be a time when we seriously reflect on the medium term structure of fiscal policy. But election year also involves an interim budget which, by definition, should not take up much analytical space. But unfortunately, it does, distracting attention from medium term fiscal issues. 
 

Sharp fall in female labour force participation rate is not new, but is critical

05/04/2019

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(Coauthored with Namita Jain)
 
Fewer women working is a big problem but if DeMo is cited as the reason for this, how do you explain an equally sharp fall in FLFPR over long periods in the past?
 
The media attention has been …

A tale of two disenchantments

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05/04/2019

Twenty five years ago, I argued in my doctoral thesis that fiscal policy could be used to map changes in state objectives. In essence that is what I am doing in this column. I contend that the Indian State, at both the central and state levels, is transitioning from …

Strategy? What Strategy?

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04/04/2019

The Niti Aayog has unveiled its 41 Chapter ‘Strategy for New India @ 75.” I am baffled as to why such a document is produced so late in the lifetime of this government. Still, the intention is welcome; since the abolition of the Planning Commission, there has been no …