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IGIDR Seminar: “How much Debt is Optimal for the Major Indian States? Economic Growth vs. Debt Sustainability ” by Dr. Rudrani Bhattacharya ( NIPFP Delhi )
Abstract:- The Indian Government adopted a dual strategy of large welfare schemes, along with high capex in hard and soft infrastructure to exit from the pandemic led turmoil and set the economic growth momentum to a steady revival path. As a part of the capex based macroeconomic policies, budgets 2023-24 and 2024-25 provided the states 50 years interest free loans on account of capital expenditure to revive and boost their long run growth rates. The FRBM Act 2003, amended vide…
Event DetailsIGIDR Seminar: “Deadweight Losses or Gains from In-kind Transfers: Experimental Evidence” by Prof. Gaurav Datt (Monash University)
Abstract:- Are in-kind transfers associated with deadweight losses? To answer this question, we conducted an incentivized field experiment in India, offering low-income respondents a choice between a free quantity of rice and varying amounts of cash to elicit their willingness to pay for rice. Contrary to standard economic theory, we find evidence of deadweight gain on average, though with variation across respondents. We investigate potential explanations for this result, focusing on infra-marginality, commitment considerations and intra-household bargaining dynamics. Notably, we…
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