Researchers Publication

In India, the inflation target (for CPI headline inflation) was set at 4%, with an upper tolerance limit of 6% and a lower limit of 2%. GoI constituted a six-member Monetary Policy Committee (MPC), including three ex-officio members from RBI with the RBI governor as its chairperson, the deputy governor in charge of monetary policy,...   Read More

This report documents the all-round impact of the COVID-19 pandemic on various population categories across India. It has been compiled using a combination of original qualitative data collected from some of the people affected by the pandemic in India, along with interviews with local leaders and community development actors, and secondary data from a range...   Read More

In the platform economy workers function in a formalised realm but without benefits of tenure or welfare One of the research questions that the NITI Aayog report ‘India’s Booming Gig and Platform Economy: Perspectives and Recommendations on the Future of Work’ poses is whether platforms are formalising or informalising the economy? We attempt a conceptual...   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. Click here for previous issues

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