NO : WP-2025-005 AUTHOR : Deepali Gupta and C. Veeramani TITLE : Effects of Backward GVC Participation on Labor Market: Micro-Level Evidence from India ABSTRACT : Several studies show that countries increasingly participate in Global Value Chains (GVC) by specialising in intermediate goods. Theoretical fragmentation models suggest that backward GVC participation has a […]
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Impact of Teacher Gender and Role Models on Student Outcomes in India
NO : WP-2024-016 AUTHOR : Eshita Goswami TITLE : Impact of Teacher Gender and Role Models on Student Outcomes in India ABSTRACT : This study estimates the impact of teacher gender and tests for role model effects on various student outcomes such as test scores, transferrable skills, attendance and attitudes. We perform the analysis for […]
Indian Fiscal Policy: A possible escape route
NO : WP-2023-010 AUTHOR : Ashima Goyal TITLE : Indian Fiscal Policy: A possible escape route ABSTRACT : Historical choices, based on the interaction of domestic structure, including federalism, with global shocks and dominant ideas have left India a legacy of deficits and debt higher than peer countries. These are constraints on fiscal […]
India’s exchange rate regime under inflation targeting
NO : WP-2023-015 AUTHOR : Ashima Goyal TITLE : India’s exchange rate regime under inflation targeting ABSTRACT : While the basic exchange rate regime has stayed the same since the liberalizing reforms of the nineties, its implementation has varied over the years. The paper assesses the evolution of India’s nominal exchange rate regime […]
Inflation convergence across Indian states
NO : WP-2024-014 AUTHOR : Yadavindu Ajit and Taniya Ghosh TITLE : Inflation convergence across Indian states ABSTRACT : This study examines the convergence of inflation and the formation of inflation clubs across Indian states from 2012 to 2023. The empirical findings indicate a reduction in inflation dispersion among Indian states. The convergence test using […]
Inflation Expectations and Keeping Up With the Joneses
NO : WP-2024-018 AUTHOR : Taniya Ghosh and Abhishek Gorsi TITLE : Inflation Expectations and Keeping Up With the Joneses Abstract The paper analyzes the role of personal income change and social comparisons in explaining the heterogeneity and upward bias in Indian households’ inflation expectations by using repeated cross-sectional data from the Reserve […]
Insights from Indian households’ qualitative inflation expectations
NO : WP-2025-001 AUTHOR : Roshin Paul P and Taniya Ghosh TITLE : Insights from Indian households’ qualitative inflation expectations ABSTRACT : Using the Reserve Bank of India’s inflation expectations survey of households (IESH) covering the period 2008 to 2023, we analyze the qualitative inflation expectations (IE) of Indian households at the general […]
Lessons from outperformance in the Indian financial sector
NO: WP-2023-002 AUTHOR: Ashima Goyal TITLE: Lessons from outperformance in the Indian financial sector ABSTRACT : We examine predictions and outcomes for the Indian financial sector in the pandemic period to build a case for re-examining our understanding of the sector. This can improve risk perceptions and policy design. Reasons for outperformance […]
Macroeconomic Outlook and Medium-Term Growth Prospect after the Budget by Ashima Goyal
NO : WP-2025-003 AUTHOR : Ashima Goyal TITLE : Macroeconomic Outlook and Medium-Term Growth Prospect after the Budget ABSTRACT : The slowdown and its reversal that followed government capital expenditure confirm that the quality of government expenditure creates stimulus even with overall fiscal consolidation. The latter as well as focus on improving vegetable […]
Methodological Nuances in Estimating Proportion and Number of Poor for States and India, 2022-23
NO : WP-2024-010 AUTHOR : Srijit Mishra TITLE : Methodological Nuances in Estimating Proportion and Number of Poor for States and India, 2022-23 ABSTRACT : The purpose of this exercise is methodological while also providing us with poverty estimates of rural, urban, and combined areas for States and India in 2022-23. The methodological […]
