An autonomous research institute under the Ministry of Finance

 

The ‘Negative Harvest’ of US Tariffs

16/10/2025

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The “Liberation Day” tariffs imposed by President Trump earlier this year have become a pivotal moment in global trade, drawing sharp criticism from economists worldwide. Among the loudest voices is Gita Gopinath, former Chief Economist of the IMF, who has described today, the impact of these tariffs as a “negative …


MPC meet October 2025: Decoding RBI's dovish, yet disciplined, hold

16/10/2025

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Maintaining the repo rate at 5.5% with a neutral stance, RBI Governor Sanjay Malhotra’s announcement after the Monetary Policy Committee meeting on October 1 underscores a calibrated approach to India’s macroeconomic landscape

In the intricate stance of monetary policy, where domestic resilience meets global headwinds, the RBI’s Monetary Policy Committee …


2025 Nobel in Economics: Creative Destruction is the Mantra for Economic Growth

16/10/2025

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The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to Joel Mokyr, the economic historian of Industrial Revolution; and Philippe Aghion and Peter Howitt for their theoretical models on Schumpeterian “innovation-driven economic growth”.

The Nobel laureates’ work reminds that economic growth cannot be taken for …


RBI's October 2025 Policy Shift: Bold regulatory reforms for a resilient future

16/10/2025

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The RBI’s October 2025 policy overhaul focuses on price stability, strengthened Basel norms, AI regulation, and revamped credit frameworks. This shift aims to enhance financial resilience, encourage innovation, and sustain growth

The Reserve Bank of India (RBI), following its recent monetary policy committee (MPC) meeting in October 2025, has undertaken …


Empowering women through fiscal measures requires a nuanced approach, not only cash transfers

16/10/2025

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While cash transfers provide immediate financial support, they might not necessarily lead to long-term “agency” in a woman or her economic empowerment. Participation income, on the other hand, encourages women to engage in economic activities

The recent policy announcement by Prime Minister Narendra Modi regarding a ₹10,000 cash transfer to …