Researchers Publication

India’s finance minister also announced a set of financial sector reforms be it in insurance banking or development finance. Success would depend on how well these are carried out. The budget has announced some laudable reform initiatives but their success will depend on how well they get implemented The budget has surprisingly opted for fiscal...   Read More

After the agitation on the Farm Bills one expected that the Budget would not include any more reform agenda. But this has happened and the allocation within the line item do not exhibit major changes. However if one looks at the size of the pie for small and marginal farmers in the Budget it emerges...   Read More

While the good news is that business sentiments are recovering across firm sizes there seems to be the emergence of a bimodal distribution of business sentiments in MSMEs versus large firms. The dual impact of demonetisation and the inefficient implementation of the Goods and Services Tax (GST) had adversely affected firms especially the Micro Small...   Read More

We use the quarterly NCAER Business Expectations Survey (N-BES) to understand the differential impact that the Coronavirus pandemic had on manufacturing versus services.  In the process we understand the challenges that the sectors faced along with their different coping strategies. Our data comes from surveys of nearly 600 firms conduced in June September and December...   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 15  No.1 Special Issue: Skilling-Critical...   Read More

The COVID-19 pandemic has heightened awareness of the need for better data to inform response and recovery efforts leveraging the complementarity of public and private sources. Following the recent launch of the World Bank’s SDG Atlas this event convened partners to discuss how the World Bank can improve data literacy and call attention to the...   Read More

The beginning of the vaccination programme suggests that the end is in sight. How quickly we reach the goal post depends on how well prepared we are as we enter the race. At the nation begins its recovery from the COVID-19 pandemic through a massive vaccine rollout the entire focus is on identifying the priority...   Read More

Sebi's proposal on concentrated holdings could disrupt the balance between the supervisory and business roles of stock exchanges. On January 6 the Securities and Exchange Board of India (Sebi) released a discussion paper on the review of the current ownership and governance norms regulating stock exchanges and depositories. Market infrastructure institutions (MIIs) such as exchanges...   Read More

India can fix its public-sector lenders by letting them raise enough equity capital to significantly reduce government control. As with the whole economy the covid pandemic dealt a severe blow to India’s banking sector which was already reeling under a huge burden of non-performing assets (NPAs). Stress tests reported in the Financial Stability Report (FSR)...   Read More

The COVID pandemic has understandably grabbed most of the Government’s attention becoming the single largest health focus in the country currently but as India moves ahead to deal with this challenge it would do well to simultaneously focus on the health of its most precious human resource its children. The year 2020 has become synonymous...   Read More

Multiple rounds of discussion on the Farm Bills do not convince the farmers to withdraw the agitation. The proponents of the Farm Bills seem to highlight the benefits. However in realities many of these are not feasible for an ordinary farmer. That is the reason for the continuous deadlock. It is the high time the...   Read More

This study was conducted by the NCAER team during 2020-21 to estimate the impact of the proposed refinery at Ratnagiri district of Maharashtra. This study reports on the extensive estimation of the benefits of the Ratnagiri Refinery & Petrochemicals Limited (RRPCL) investment in terms of overall output, incomes, employment and tax contributions during both the...   Read More