The second theorem of welfare economics posits that any desired income distribution can be achieved when an economy is at full potential by taxing those who earn more than society wishes and transferring these to those who earn less. I have previously argued that universal basic income proposals essentially …

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 …

Several commentators and economists have expressed concerns about the arithmetic underlying the government’s fiscal deficit calculations, spurred by a recent report by the Comptroller and auditor general (CAG). 

 

The report points out that 1) government has not reimbursed the Food Corporation of India and fertiliser companies …

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 …

Volatility in intergovernmental fiscal transfers has had significant impact on the forecasts of public deficits by state governments.

 

Does the ministry of finance produce biased budget forecasts in India? Does the electoral cycle predominantly determine the fiscal behaviour of the Centre? The answers …