Author: Ashima Goyal Title: What does the COVID-19 experience tell us about Indian growth drivers? Abstract: In India’s battle with Covid-19, recovery was largely under-predicted and financial sector distress over-predicted. The slowdown through the 2010s led to the view that structural features limit growth and financial sector malfunction lowers monetary transmission. Therefore the […]
Latest News
Beyond India @75 : Growth, inclusion and sustainability
Author: S. Mahendra Dev Title: Beyond India @75 : Growth, inclusion and sustainability Abstract: There have been many successes and failures in economic and social development of India in the last 75 years. The recent covid-19 pandemic had also an adverse impact on growth, employment, health and education etc. In this paper, issues […]
Capital account openness in India and a comparison with China: Then versus now
Author: Nidhi Aggarwal, Sanchit Arora, Rajeswari Sengupta Title: Capital account openness in India and a comparison with China: Then versus now Abstract: Existing evidence shows that over the years, India’s capital account has become relatively more open, while the same cannot be said for China. However, with its rising share […]
Labour Share in Indian Economy: An Exploratory Analysis of the Role of Trade, Technology and Structural Transformation
Author: Anwesha Basu and C. Veeramani Title: Labour Share in Indian Economy: An Exploratory Analysis of the Role of Trade, Technology and Structural Transformation Abstract: This study analyses the trends, patterns and determinants of the labour share in India. While most of the literature on this topic covers only the […]
Saved by the bell? Equity market responses to surprise Covid-19 lockdowns and central bank interventions
Author: Aakriti Mathur, Rajeswari Sengupta, Bhanu Pratap Title: Saved by the bell? Equity market responses to surprise Covid-19 lockdowns and central bank interventions Abstract: Negative equity market reactions at the onset of the Covid-19 crisis raised concerns about the vulnerabilities in non-financial firms, requiring swift actions by central banks to […]
Exploring Correlations between Aggregate Demand and Supply Shocks in India
Author: Ashima Goyal and Sritama Ray Title: Exploring Correlations between Aggregate Demand and Supply Shocks in India Abstract: We explore the relative contributions of demand and supply shocks on inflation and output in India when correlation is allowed between shocks. Our SVAR model is estimated with quarterly GDP, WPI and […]
Female representation in school management and school quality
Author: Bharti Nandwani, Chandan Jain Title: Female representation in school management and school quality Abstract: Using administrative data (2012-18) of schools in India, in this paper we construct a large panel comprising of more than 6 million observations to examine the extent to which female representation in school management is […]
Flexible Inflation Targeting: Concepts and application in India
Author: Ashima Goyal Title: Flexible Inflation Targeting: Concepts and application in India Abstract: The paper examines considerations that arise in adapting IT to emerging markets (EMs). These include the necessity of flexibility, the working of the expectations channel, the dominance of supply shocks, fiscal-monetary coordination, forecasting issues and guidance of […]
Assessing India’s productivity trends and endogenous growth: New evidence from technology, human capital and foreign direct investment
Author: Taniya Ghosh and Prashant Mehul Parab Title: Assessing India’s productivity trends and endogenous growth: New evidence from technology, human capital and foreign direct investment Abstract: The study evaluates the role of R&D, human capital, and technology spillovers in influencing India’s long-run productivity growth. The primary contributions of the article […]
Current Account Imbalances: Exploring Role of Domestic and External Factors for Large Emerging Markets
Author: Krittika Banerjee and Ashima Goyal Title: Current Account Imbalances: Exploring Role of Domestic and External Factors for Large Emerging Markets Abstract: Global trade imbalances have been a focal point of discussion in international economics literature but opinions remain highly divided with respect to its origin. This paper studies the […]
