September 06, 2019
A key piece in India’s slowdown puzzle that has gone unnoticed
While the slump debate has focused mostly on monetary and fiscal policies, our monetary dynamics offer a crucial insight.
August 29, 2019
Fast Fact: How can India’s Population Prospects inform Public Policymaking?
Analysis of trends in the ratio of working to non-working population shows that this ratio is likely to be higher than 1 until 2085. Further, there is a declining trend in projections of children below the age of 5 years. Taken together this suggests...
August 14, 2019
The great growth story of China awaits a modern-age epilogue
With China in the midst of a profound change in its economic model, India needs to work out how to make the most of it.
July 17, 2019
The 1969 bank nationalization did India more harm than good
It was the pivot of a political economy strategy of the 1970s—when economic growth barely outpaced population growth.
July 15, 2019
Free market politics, defection economics
The only homage paid to virtue, Lord Byron once said, is hypocrisy. The Indian political class has internalised this in letter and in spirit. Every party has a stance on defection and the stand depends on where they sit.
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 18, 2019
India’s budget needs to relook at its math
To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending.
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.