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How does monetary policy transmission happen in India?

Central banks leverage monetary policy instruments to control the supply of money in the economy, which in turn influences economic outcomes through various channels. Analysing Indian data from 2001-2...

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India at work: Challenges and the road ahead

While India’s economy experienced steady growth over the last 20 years or so, the growth in employment has not kept pace and key challenges remain to the creation of good-quality jobs. In this post,...

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Why next-generation economic reforms are crucial for reviving investment

While corporate profitability and banks' lending ability have been on the rise for some time, corporate investment remains sluggish. In this post, Gupta and Sachdeva argue that investment levels of In...

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Understanding India's unbalanced growth

Growing regional disparities in India are a cause for concern. But little is known about the relative importance of possible reasons for the varied growth experiences across the country. This column ...

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Inflation targeting in India: Right and wrong

An RBI-appointed Expert Committee has recommended targeting a 4% inflation rate, but allowing it to vary between 2% and 6%. This column takes a different position on the target and leeway. It argues ...

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Expanding productive employment in India

While India’s relatively high growth has not entirely been ‘jobless’, employment generation has been low, and mostly in the form of informal jobs. This column examines the employment experience...

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Lighting Up Bihar: Electrification to Sustain Economic Growth

This project looks at incentivising consumers to pay for the electricity consumed by the area in Bihar. The intervention specifically links the duration of supply to the payment performance of a group...

  • IGC Research on India

India's unique crisis - a short term fix

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In thei...

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India's unique crisis

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In the ...

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The crisis in Indian manufacturing

Manufacturing sector growth in India has fallen from over 9% to a dismal 1% in the past couple of years. This article discusses the factors that have caused a slowdown in organised and unorganised ma...

  • Perspectives

Can India grow faster again?

India’s growth prospects seem gloomy. This article argues that India can grow fast again even in the current global economic climate as it is different from other emerging economies in a number of i...

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The Reserve Bank's mission impossible?

India’s current inflation is unprecedentedly high – not in absolute terms but relative to the rest of the world. This article discusses the role of inflation in the recent currency crisis, and ar...

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What saved the rupee?

This article analyses the dramatic fall of the rupee between May and August this year, and its recovery thereafter. It asserts that it was primarily external factors and an unconventional interventio...

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Exchange rate movements and Indian firms' exports

Understanding the effects of exchange-rate changes on a country’s trade balance calls for an analysis of how exchange-rate fluctuations affect the decisions of individual firms. This column explore...

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The new land law: Are the states up to the challenge?

In the third part of the land law debate, Ram Singh asserts that the Act is biased against projects of state governments, and emphasises the need for states to undertake long overdue land reforms. He...

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Santosh Kumar Dash

Institute of Rural Management (IRMA)

Joyal P.

Joyal P. Joseph

Gulati Institute of Finance and Taxation (GIFT), K

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Nalini Gulati

Editorial Advisor, I4I

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Kanika Mahajan

Ashoka University

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Anisha Sharma

Ashoka University

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Ananyo Brahma

University of California, Santa Cruz

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Shishir Gupta

Centre for Social and Economic Progress (CSEP)

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Most Popular Macroeconomics Posts

Land in India: Market price vs. fundamental value

The Real Estate (Regulation and Development) Bill, 2015, is focused on protecting the few home buyers who can afford to buy homes but does not address the issue of high land prices, which is a very se...

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Land records and titles in India

Land ownership is broadly determined by access to a land title, which protects the rights of the title-holder, and impacts livelihoods, and industrial, economic, and social growth. However, land title...

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Understanding the dynamics of the rupee-dollar exchange rate

Since 1993, the Indian rupee (INR) has officially been following a market-determined exchange rate – price is determined by demand for and supply of foreign exchange – with intervention by the Res...

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