Op-Eds

Increased awareness and usage of government schemes may be partly responsible for the upswing in credit take among businesses in India. Growth in non-food credit slowed down to single digits since 2019–20:Q2.  In the NCAER Business Expectations Survey Round 116 conducted in March 2021 we had found t hat demand cost and non-monetary factors were...   Read More

The literature points to the importance of prior financial conditions (capital inflows and real appreciation in the pre-taper period) financial market structure (the size of financial markets) and select macroeconomic variables in explaining the differential impact of the taper announcement. Specifically countries more dependent on external finance prior to Ben Bernanke's 2013 announcement of the...   Read More

Despite a huge central assistance commitment of ₹1.8 lakh crore PMAY-U has not been able to achieve the desired goal of meeting the affordable housing demand and solve deep rooted issues associated with the housing market in the country. At a recent event Prime Minister Narendra Modi gave away keys to seventy five thousand beneficiaries...   Read More

Opinion: Mythili Bhusnurmath Sad truth is the only time G20 delivered on its promises was when interests of advanced economies were threatened after GFC — with urgency. Landmark historic pathbreaking — all these words and more have been used to describe the global agreement on corporate tax rates pioneered by the Paris-based Organisation for Economic Cooperation...   Read More

Opinion: K P Krishnan RBI's recent actions against auditors highlight the need for role clarity as well as coordination among regulators. The Reserve Bank of India (RBI) governor drew our attention earlier this week to the importance of accurate financial information for resource allocation market confidence and financial stability. Establishment and enforcement of accounting and audit...   Read More

First unlike Americans opting out of the workforce is not an option for most Indians. The existence of the vast informal sector offers refuge to employees pushed out of wage employment. Second this employment of last resort should not be taken to imply a robust recovery. Even as vaccinations soar and the US economy reignites...   Read More

RBI (not GoI) announcing a push towards CAC - widely seen as increasing the vulnerability of emerging market economies to global macroeconomic shocks - on the day the Global Hunger Index (GHI) showed India slip three ranks to fall below Pakistan Bangladesh and Nepal marks a seismic shift in India's macroeconomic policies. India is on...   Read More

Challenges abound in reducing dependence on coal and oil but the greater use of gas in our energy mix could ease the way. Ironically the coal crisis has forced the Indian government to ramp up domestic production and imports of coal the dirtiest fossil fuel while the world focuses on net-zero carbon emissions by 2050....   Read More

In the latest Global Innovation India India’s rank is 46. The good news is that she has climbed 2 spots over the previous year’s standing and the performance is labelled as above expectations against the yardstick of the level of development. The bad news is that Asian countries like Malaysia Vietnam Thailand or the newly...   Read More

Overall the best way to keep prices competitive and inflation low in any economy is by ensuring efficient production structures resulting in low cost of production continuous innovation leveraging of scale economies better integration within domestic and with international markets and implementation of sustainable fiscal and monetary policies. Inflation is making a comeback globally. A...   Read More