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The novelty in their work is the way they put 500 years of statistical evidence to show that the quality of institutions determines success. Democracies have a better chance of getting rich. China, however, remains an enigma which doesn’t fit this explanation.
The Nobel Prize …
MPC has given relative significance to global headwinds and uncertainties. Therefore, a sudden reduction in rates is not feasible when inflation expectations are elevated. The catch, however, is high rates complicate public debt management.
Against the backdrop of geopolitical uncertainties and poly-crisis, the 51st RBI …
Against the backdrop of recent Union Budget 2024, there is a transition in the framework of intergovernmental fiscal relations from Cooperative federalism to competitive federalism . Quite contrary to the expectations that 16th Finance Commission will look into these Centre-State financial relations, in the recent Union Budget, the Finance …
The Maze Matrix for Labour in India
09/08/2024
(Co-authored with Pulkit Kumar Sharma and R. Kavita Rao)
In the last few years the functioning of the economy in the physical space is increasingly being supplemented and complemented by a rising number of interactions facilitated in the virtual space through what could be conceived as …
Budget 2024: As Modi 3.0 gears up for presenting budget 2024, expectations are rife that the budget will be much more than fiscal numbers. In an exclusive conversation with Republic Business, Lekha S Chakraborty, professor of NIPFP and Visiting Scholar at Cambridge University, shares her expert insights on …