Publication Page Archive

In her February 1 2022 budget speech Nirmala Sitharaman announced GoI's commitment to issuing a digital rupee. The relevant text ran three sentences in its entirety. 'Introduction of [a] central bank digital currency (CBDC) will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management...   Read More

The Journal of Applied Economic Research (JAER) is a quarterly, peer-reviewed, international journal published by NCAER in New Delhi in conjunction with SAGE International.  JAER publishes papers that pay special attention to the economics of emerging economies, but is open to high-quality papers from all fields of applied economics. Volume 16 Issue 2, May 2022...   Read More

We review arguments for CBDC issuance in India. These include facilitating payments, enhancing financial inclusion, enabling the central bank and government to retain control of the payments system, facilitating cross-border payments, reducing dependence on the dollar-dominated global payments system, providing an encompassing platform for digital financial innovation.  We then compare progress in India with other...   Read More

The main emphasis of the 73rd Amendment of the Constitution of India is to ensure uniformity between the functional responsibilities and the financial resources of the three-tier Panchayati Raj Institutions (PRIs). For this, the Gram Panchayat (GP) plays a dynamic role as an agency of local self-government. In order to become self-reliant, the Panchayats need...   Read More

Various policy mechanisms are available to support the positive effects of the Sustainable Development Goals (SDGs) and reduce the negative outcomes of economic activities on the environment through effective interventions. To preserve the integration of dairy development strategies and practices with SDGs, this paper examines the key relationships involved in this process by major stakeholders...   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. Latest Issue: May 2022 Previous Issues: April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October...   Read More

Performance index based on 11 parameters shows ports in the east and south are lagging  India has been making concerted efforts to expand its merchandise exports footprint. And rightly so as exports act as an engine of growth. The objectives of production linked incentive (PLI) schemes or of India becoming a part of the global value...   Read More

Transport connectivity between India’s N-E and the eastern neighbourhood can improve. But trade gains per se seem limited. After a gap of four years the BIMSTEC (comprising Bangladesh Bhutan India Mynamar Nepal Sri Lanka and Thailand) summit was held virtually in last week of March to deliberate on the prospects and way forward of this...   Read More

The National Council of Applied Economic Research (NCAER) has been holding its annual marquee event, the India Policy Forum (IPF) Conference every year since 2004. The IPF is a vital podium for carrying forward the rich legacy and historical traditions of promoting empirical evidence-based research that NCAER has always been known for. The IPF Conference...   Read More

In this paper, we analyze the deep and anomalous economic slowdown in 2019-20, when the Indian economy grew at a rate of 4 percent, the lowest in a decade. We argue that the slowdown was largely confined to one year, 2019-20. The growth rate in the prior years averaged at 7 percent a year, and...   Read More