Publication Page Archive

India’s annual GDP growth 7% plus is the continuation of an ongoing acceleration. The question is whether this can last. One country stands out from the gloomy overall tone of the International Monetary Fund’s (IMF) recent update of its World Economic Outlook. Against the backdrop of tepid 3.2% global growth in 2022 the IMF expects...   Read More

Banks play a critical role in economic growth. In India, the banking sector, dominated by public sector banks (PSBs), has underserved the economy and their stakeholders. The under-performance of PSBs has persisted despite several policy initiatives during the past decade. Meanwhile, private banks have further improved their performance and have gained significant market share. In...   Read More

Given its favorable demography democratic polity and large and diversified economy India can in principle grow at 7% or higher for years to come. But the only route to such growth that remains open runs through structural reforms that the government has taken off the table. One country stands out from the gloomy overall tone...   Read More

Periodic Labour Force Survey data shows the situation is worse for women. And those who got the training, almost half of them accounted for self-learning or ‘learning on the job’ Vocational and technical training has been the central pillar of Prime Minister Narendra Modi’s ambitious skill building mission since 2015. It is also the feature...   Read More

“Delhi leads the NCAER-State Investment Potential Index 2018 Tamil Nadu is second.”  New Delhi (Friday August 3 2018): The National Council of Applied Economic Research NCAER released its 2018 N-SIPI the NCAER State Investment Potential Index at a launch workshop inaugurated by Shri Ramesh Abhishek Secretary Department of Industrial Policy and Promotion (DIPP). Covering 20...   Read More

This paper describes disease and economic surveillance during COVID, along with the uses of that surveillance, and lessons learned about the pandemic from that surveillance. It ends with policy suggestions on how to gather intelligence during the next pandemic in India and how surveillance informs suppression policy. Important themes that I stress are the value...   Read More

This paper examines the effect of tradable services growth on non-tradable services across Indian districts. We use a shift-share “Bartik-type” instrumental variable, that relies on changes in foreign demand shocks for tradable services, weighted by the initial district employment shares in tradable services. Using multiple rounds of the Indian Economic Censuses, we find that an...   Read More

Prepare business strategies for districts and leverage existing government schemes to make India a global economic powerhouse In the face of the COVId-19 pandemic and the rise in food and fuel prices it may appear difficult for the country to reach its US $5-trillion economy target by 2025. But a study conducted by the National...   Read More

Data on access to credit in rural India is mostly available from periodic large-scale surveys and some primary research in different parts of India. The growth of institutional sources of credit was quite dramatic during the first four decades after Independence. There appears to have been a regression since then. There is some evidence to...   Read More