Category Economy and Infrastructure

Fiscal Deficit as a Shape-Shifter in India

Insights, Center for Environment, Climate Change and Sustainable Development, Center for the Study for Finance and Economics, Economy and Infrastructure, Environment, Energy, Climate Change and Sustainable Development, Generation Alpha Data Centre, Public Finances and Macroeconomics

The fiscal deficit created now translates into a higher debt burden that future generations have to service. Is that fair? It is more than fair. In the misty mornings of peak winter, a flock of sharp-beaked, joyless birds takes flight in the capital – Fiscal Deficit Hawks, who swoop down on North Block, where harried finance ministry officials race against time to prepare the Union government’s annual budget, to screech sharp orders to slash the fiscal deficit.

IMPRI, IMPRI and IMPRI
December 26, 2022

RBI Affidavit Obfuscates rather than Clarifying

Insights, Center for the Study for Finance and Economics, Economy and Infrastructure, Public Finances and Macroeconomics, Public Policies, Programs and Schemes

The government affidavit filed on November 16 justified demonetization by claiming that it was a part of a bigger policy push to digitize and formalize the economy – in its view a beneficial step. The affidavit, in paragraph 15 justifies the decision to demonetize the large denomination currency notes by stating that it was a “well-considered decision” taken after “extensive consultation with the Reserve Bank of India (‘RBI’) and advanced preparation”. The implication is that if the decision was wrong, it is the RBI’s (the expert’s) fault.

IMPRI, IMPRI and IMPRI
December 23, 2022

Debt-Burden for Future

Insights, Center for the Study for Finance and Economics, Economy and Infrastructure

Fiscal Deficit Hawks, who swoop down on North Block, where harried finance ministry officials race against time to prepare the Union government's annual budget, to screech sharp orders to slash the fiscal deficit. The fiscal deficit created now translates into a higher debt burden that future generations have to service. Is that fair? It is more than fair.

IMPRI, IMPRI and IMPRI
December 23, 2022

Privatizing the Public Undertakings

Insights, Center for the Study for Finance and Economics, Economy and Infrastructure

Until last year, Air India was a chronically underperforming public-owned airline. Narendra Modi, India’s prime minister, has often said that the government has no business being in business. Yet after eight and a half years of his tenure, Air India is one of only two enterprises that have been successfully privatized.

IMPRI, IMPRI and IMPRI
December 23, 2022

Impact of Worker’s Migration on Society and Economy

Insights, Agriculture, Food, Nutrition Security and Rural Development, Center for Habitat, Urban and Regional Studies, Center for Human Dignity and Development, Center for the Study for Finance and Economics, Center for Work and Welfare, Economy and Infrastructure, Governance and Law, Livelihoods, Employment and Well-being, Public Finances and Macroeconomics, Public Policies, Programs and Schemes, Social Sector, South Asia Studies Center, Urbanization, Habitat, Transportation and Regional Development

Given the high share of its young population, India has a huge potential that is being wasted due to the inability of its policymakers to set the right policies. Potentially, many workers in the population can support the non-workers—the young and the elderly—and the economy can grow faster.

Arun Kumar, Arun Kumar and Arun Kumar
December 20, 2022

Global Economic and Education Opportunities can Sustain India’s High Gross Inward Remittance

Insights, Center for International Relations and Strategic Studies, Center for the Study for Finance and Economics, Economy and Infrastructure, International Relations and Strategic Studies, Public Finances and Macroeconomics, Public Policies, Programs and Schemes

This column argues that for India to continue to sustain the position it has occupied for some years as the largest recipient of gross inward remittance flows, it would be necessary to aim Indian diplomacy toward expanding greater global economic and education space for Indians.

Mukul Asher, Mukul Asher and Mukul Asher
December 19, 2022

Video: The Great March of Migrants During The National Lockdown: Lessons Not Learned and Missed Opportunities

Videos, Agriculture, Food, Nutrition Security and Rural Development, Center for Habitat, Urban and Regional Studies, Center for Human Dignity and Development, Center for Work and Welfare, Economy and Infrastructure, Gender, Pluralism and Social Inclusion, Governance and Law, Livelihoods, Employment and Well-being, Public Finances and Macroeconomics, Public Policies, Programs and Schemes, Social Sector, Society, Literature, Arts, Sports and Culture, South Asia Studies Center, Urbanization, Habitat, Transportation and Regional Development

The State of Population and Development – #PopulationAndDevelopment | Panel Discussion on The Great March of Migrants During The National Lockdown: Lessons Not Learned and Missed Opportunities On the Occasion of International Migrants Day on 18 December #IMPRI Center for…

IMPRI
December 18, 2022