An autonomous research institute under the Ministry of Finance

 

Ecological Fiscal Transfers after Covid19

25/01/2021

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(Co-authored with Amandeep Kaur and Divy Rangan)
 
Climate change commitments require long term fiscal policy instruments, such as climate responsive budgeting and ecological fiscal transfers . In India we have Climate Action Plans at national and subnational government levels. However, a roadmap towards comprehensive climate responsive budgeting as a PFM ...

Why Output Gap is controversial

28/12/2020

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(Co-authored with Amandeep Kaur)

 

The macroeconomic uncertainty in times of COVID-19 pandemic is hard to measure. Economists and policymakers use the variable “output gap” to capture the “slack”. It is a deviation between potential output and actual output, which is a standard representation of a “cycle”. The potential output ...

Agriculture as a shock-absorber

14/12/2020

The slew of agricultural reforms initiated by the government has led to a vigorous discussion in the media about the pros and cons of these policy changes. Most of these discussions have focussed on agriculture as an activity that provides farmers with a regular source of income. The arguments have ...

A Case for Safe Drinking Water In Boosting Infant Nutrition In India

26/11/2020

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(co-authored with Debasri Mukherjee)
 
The developing world has succeeded in significantly reducing the prevalence of under-nourishment over the last three decades compared to India [See Figure 1]. However, during this time the share of wasted (having low weight-for-height) children in India has remained around 20 percent. The known causes ...

Reviving the Indian Economy

12/11/2020

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The Finance Minister Smt Nirmala Sitharaman had said that the demand for consumer goods has increased considerably during the festival months. October-to-March is the festival season in India. Based on the “Nikkei Manufacturing Purchasing Manager's Index (PMI)”, the Finance Minister said that the “economic activity had picked up in ...