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InsightsCenter for Habitat, Urban and Regional Studies

Doubling of Income, Really?

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.

Event Reports

New India’s Economic Transformation and Union Budget 2023-24

As Part of its The State of Economy- #EconDialogue series, #IMPRI Center for Study of Finance and Economics, IMPRI Impact and Policy Research Institute, New Delhi, organized the panel discussion on New India’s Economic Transformation and Union Budget 2023-24 on February 8th, 2023 as a part of the IMPRI’s third annual series of thematic deliberations and analysis of the Union Budget, fiscal year 2023-24 being organized from February 2- February 7, 2023.

InsightsCenter for the Study for Finance and Economics

Political Roots of the Budget’s Sobriety

How come the government has shown sober responsibility rather than wanton populism in the last full Budget available to it before the 2024 General Election? We see many pundits struggle with this puzzle on television and in newspaper columns and either remain puzzled or conclude that this government stands tall, beyond the temptations of expedience to which ordinary mortals are prone.

InsightsCenter for the Study for Finance and Economics

Electoral Bonds No Solution

How do donations via electoral bonds funded by legal or illegal money help curb undue influence on policymakers? Electoral bonds provide an additional of such funds.

The Union Government initiated the Electoral Bonds scheme, announced in the Union Budget 2017–18, on January 2, 2018. The aim was “to cleanse the system of political funding in the country”. While many other issues are also germane, the moot question is will this goal be achieved.

Insights

India Needs to Energize Manufacturing

If the Indian economy has an Achilles’ heel, it is the country’s manufacturing sector. Despite rapid economic growth since pro-market reforms began in 1991, the share of manufacturing in India’s gross domestic product has remained stubbornly low, at about 15 per cent. (In China, it has been about 30 per cent in recent years.) Indian growth has been driven by services, most famously in information technology.

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