Firms and policy makers are increasingly looking at friend-shoring to make supply chains less vulnerable to geopolitical tensions. We test whether these considerations are shaping FDI flows, using investment-level data on over 300,000 instances of greenfield FDI between 2003 and 2022. Estimates from a gravity model, which controls for standard push and pull factors, show... Read More
Infrastructure is the key driving force for realising India’s vision of a $40 trillion economy by 2047. Infrastructure is the key driving force for realising India’s vision of a $40 trillion economy by 2047. The Railways has been one of the most crucial partners in infrastructure development, gearing up for a high-speed network both for... Read More
In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map. MRE January 2024 Report Click here for previous issues
The IHDS Forum is a monthly update of socio-economic developments in India by the IHDS research community, based on the India Human Development Survey, jointly conducted by NCAER and the University of Maryland. While two earlier rounds of the survey were completed in 2004-05 and 2011-12, respectively, the third round has also been launched and... Read More
The book The Allure of Battle (2017) by Cathal Nolan argues that while most military history explains winners and losers through decisive battles and strategic genius, what matters is endurance and technology. India’s first National Security Strategy document is being written and will propose accelerating domestic defence production. However, the ongoing Ukraine and Israel conflicts... Read More
Recently, considerable research has been undertaken in India in policy circles to identify the pathway for achieving Net Zero Emission by the 2070s. However, as most of the studies focus on the overall national perspective, they do not take into account inter-State differences with respect to availability of the primary resources of land, mineral resources,... Read More
The National Council of Applied Economic Research (NCAER), one of India’s premier economic policy research think tanks, carried out the 127th Round of its Business Expectations Survey (BES) in December 2023, with support from the National Stock Exchange of India Limited (NSE). NCAER has been carrying out the BES every quarter since 1992, covering 500 firms... Read More
A five-point agenda to fix the country’s PF scheme could shift 50 million people from informal to formal work. Let’s blend idealism with pragmatism. The excellent book Making Social Spending Work by Peter Lindert suggests societies need safety nets to catch those in need because of unlucky opening balances, past mistakes or hard times. A... Read More
This paper addresses one of the most critical yet overlooked problems of excessive absence of students in primary grades in India. Considering the intuitive link between students’ attendance and achievements, this paper empirically investigates the incidence and causes of chronic absenteeism while examining the variations in the attainment of foundational skills of primary students. Using... Read More
The COVID-19 pandemic, and the consequent nationwide lockdown in India that began on March 25, 2020, caused a major disruption in the labour market, leading to the widespread loss of livelihoods and food insecurity. The findings from a telephonic survey of a representative sample of more than 3,000 households in the National Capital Region (NCR)... Read More