Tripta Behera

Tripta Behera

Visiting Researcher and Assistant Editor, IMPRI

Using Feedback Loops for Policy-making

Contours of the Public Policy in India in the Amrit Kaal is an An Online International Autumn School Program, A One-Month Immersive Online Intermediate Certificate Training Course held in September, 2023 by IMPRI. The Keynote Speech was given by Dr Sanjeev Sanyal, Member, Economic Advisory Council of the Prime Minister (EAC-PM), and Secretary to the Government of India (GoI). Former Principal Economic Adviser, Ministry of Finance on "Using Feedback Loops for Policy-making". Dr Sanyal initiated the session by briefing the participants about Decision Theory and the use of Feedback Loops in making policy decisions.

The SVB Downfall: a Macroeconomic Phenomenon

svb collapse a macro phenomenon
The real world has a way of confounding textbook economics. Macroeconomics, the branch that deals with the big things like growth, inflation and interest rates, seems broken when used to implement policy. In medicine, a drug is not approved for use if it has potentially serious side-effects. Or, if it's approved, it is administered with care, in the right doses. The collapse of Silicon Valley Bank (SVB) and the pressure on other US banks suggests that economists still don't quite appreciate the side-effects of their actions.

Savings from the switch to Electric Vehicles (EVs) in India

Savings from the switch to Electric Vehicles (EVs) in India
Transport is an integral part of the energy system, and the demand for transport has been ever-increasing with the increase in population. One of the main causes of climate change is greenhouse gas emissions from the usage of fuel in vehicles. A switch to Electric Vehicles (EVs) is a way to minimise such pollution. EVs have been started to reduce carbon emissions due to other advantages such as lower noise pollution, maintenance requirements and power consumption.

Doubling of Income, Really?

compressed poster doubling income in india
INDIA’S per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: a) this includes the price increase during the period and hence does not represent the real increase in incomes, and b) the data for 2022–23 and two earlier years is provisional and subject to revision.

Union Budget 2023-24 and Urban Infrastructure and Development Financing: Promising Yet Concerning

budget 23 urban development
Indian cities with their contribution of around two-thirds of the GDP are expected to play an instrumental role as the country’s ‘engines of economic growth'. The union budget 2023-24 has tried give a push to cities by way of capital expenditure.