As the advocacy for modern monetary theory grows louder around the world, Niranjan Rajadhyaksha discusses whether it is viable in a country like India.

In a macroeconomic overview of the Union Budget 2021-22, Niranjan Rajadhyaksha and Sharmadha Srinivasan contend that its emphasis on fiscal expansion sets the stage for higher public debt ratios....

If India sees a weak economic recovery after COVID19, it calls for painful policy options like fiscal austerity, financial repression, higher inflation, and higher tax rates. Extraordinary times lead to a radical departure from the standard macroecon...

A nuanced combination of lower interest rates, fiscal expansion and a cheaper rupee could help India’s economy recover.

Insights into international trade dynamics and what this could mean for policy makers in India, when supply chains in China are set to move.

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. 

The case for a GST cut is stronger than an income tax cut, although we need comprehensive tax reforms in the years ahead.

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.

The fall in the Indian savings rate even as its demographic profile improves is a puzzle that calls for research attention.

The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look.