Researchers Publication

India is thriving in the allied agriculture sector, with fishery, dairy, and livestock being vital livelihood support for millions. The fishery, recognized as a 'Sunrise Sector', has seen a double-digit average annual growth of over 10% in 2021-22, supporting around 28 million people, including marginalized and vulnerable communities. India is the third largest fish-producing country...   Read More

Critics of the Federal Reserve argue that the acceleration of US inflation in early 2021, and the rapid disinflation of recent months, had nothing to do with monetary policy, because the sources of above-target price growth were all on the supply side. This view is both right and too simple. BERKELEY – For precisely three...   Read More

Globalization is not over, but it is being reconfigured by events. Internationally, there are economic and political tensions between the United States and China.  Both countries have responded with import tariffs, export controls, and foreign investment restrictions that have led to a decline in the relative importance of bilateral trade and the collapse of bilateral...   Read More

The interim Budget 2024-25 has emphasised on efforts to achieve net-zero emission by 2070. The proposed expenditure for the New and Renewable Energy Ministry has increased significantly — from ₹17,729.46 crore in Budget 2023-24 to ₹26,376 crore in Budget 2024-25. The major increase is for the Solar Power (Grid) scheme, from ₹4,970 crore in 2023-24...   Read More

This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on bilateral bank deposits, we are unable to detect any positive and statistically significant effect of IMF loan disbursements on...   Read More

Gujarat has consistently ranked among the fastest growing States in India. According to the World Bank's income group classifications, the state is on the verge of achieving high middle-income status. Three key features characterize Gujarat’s remarkable growth process. First, growth in the State has been diversified across sectors. Instead of being confined to a manufacturing...   Read More

The population dialogue in India has been dominated by concerns about population explosion. However, it is time for us to move these fears and learn from the experiences of other countries. In her speech, while presenting the 2024 budget, Finance Minister Nirmala Sitharaman promised a committee to study India’s population growth to ensure that the...   Read More

The Social Accounting Matrix (SAM) for India was historically constructed based on Input-Output table (IO). But from 2011-12, Government of India, is publishing Supply-Use table, instead of input-output table. While erstwhile Input-Output Table published by Government of India had same number of products and industries, Supply-Use table provides one ‘Supply matrix’ and one ‘Use matrix’,...   Read More

Nyaya Setu, being built to ensure reach of legal services till the last mile, will put together all legal knowledge in finger tips, in the language of people’s choice and it is built using GPT and AI models, says the founding chairman of UIDAI Nandan Nilekani, the founding chairman of the Unique Identification Authority of...   Read More

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