December 05, 2019
Fiscal Modernisation: Lessons for India from the World
This paper approaches the issue of India's poor tax-to-GDP ratio by looking at how the developed economies of today built fiscal capacity over time — and then identifying broad policy lessons for India.
December 02, 2019
GDP: How deep is the slowdown?
A closer look at the recent GDP data and core sector growth rates to highlight implications for government spending.
November 17, 2019
Moody’s and the mood of the economy
A comprehensive look at the various factors responsible for the present downturn, in the light of Moody's recent downgrade of India's outlook.
October 22, 2019
Opinion | What a look at the long waves of India’s credit cycle could tell us
Writing for Mint, Niranjan Rajadhyaksha takes a look at India's current credit cycle from a long term perspective. He notes that the gap between bank credit and nominal GDP points to broader concerns about domestic savings rates.
June 26, 2019
‘India Story’ Caught Between Qs & As
The ‘India Story’ is caught between questions and answers. Perception is challenged by the perils of slowdown.
June 21, 2019
Niranjan Rajadhyaksha's "2-4-6-8 framework can be the Holy Grail of Indian macros"
Swanand Kelkar of Morgan Stanley Investment Management quotes Research Director and Senior Fellow, Niranjan Rajadhyaksha's recent paper on India's macroeconomic environment.
June 19, 2019
Five policy reforms to jump-start growth
How can India put in place policy reforms to raise GDP growth without creating macroeconomic instability?
June 18, 2019
Niranjan Rajadhyaksha on BloombergQuint's State of the Economy
India works within an implicit '2-4-6-8' macro economic framework. What is that framework and does it now need to be reviewed?
June 06, 2019
India’s macroeconomic policy playbook is ripe for a debate
This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.
June 03, 2019
The Indian Macro Policy Playbook: Time for a Fresh Look
There is a need to take a fresh look at India's macro policy playbook. This paper presents five sets of policy recommendations that can help raise potential growth without putting economic stability at risk.