GDP

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We must avert an economic disaster due to Covid-19

Indian economy will suffer due to COVID-19, but govt can ease the pain for individuals and firms with decisive and meaningful action now For businesses, the union government should think of delaying GST payments, tax credits, and any other policy...

What India really needs: A mass uprising to ensure inclusive economic growth

The focus on the country’s middle class ignores the problems of the millions in the informal sector. In 2001, Jim O’Neill, a British economist working with Goldman Sachs, first coined the acronym BRIC to identify the four rapidly growing economies...

US investors concerned over India’s economic slowdown, social unrest and Modi’s disinterest

Even if we ignore the fact that the Indian economy is in a severe slowdown, we should not forget even for a moment that India’s per capita GDP is around $2000, it needs to create around 2 crore jobs every...

Slow economic growth is both immoral and anti-national. Don’t ignore falling GDP rate

Having convinced ourselves that the Narendra Modi government’s policies cannot be at fault, we are now debating whether the economic slowdown that began in 2017 is cyclical or structural. More than three million people emerge out of poverty for every percentage rise...

India needs to urgently address its investment problem 

Things are looking bleak for the Indian economy. GDP growth in the latest quarter was a subdued 5.8 per cent, unemployment levels are at record highs, the fiscal deficit numbers projected in the Budget are suspect and presumed to be...

Reliability of GDP data

In terms of the reliability of official data, India is getting dangerously close to Chinese territory. The year that witnessed demonetisation, when 86% of the cash in circulation was declared as illegal tender overnight and which was perhaps one of...

Devika Kher Quoted in the Hindustan Times

Devika Kher was quoted in an article with the Hindustan Times. Karnataka’s recent announcement of farm loan waivers comes in light of strong unrest among farmers in the country. Many states are reeling under the drought which has necessitated such...

Macroeconomic Environment in India: The Role of Fiscal and Monetary Policies

By Dr. M Govinda Rao Download the essay in PDF [379 KB] India’s growth story remains highly attractive at a time of fragile global economic recovery, uneven growth, and tremendous uncertainty around the global financial and commodity markets. However, taking...

Demonetisation: Is the Pain Commensurate with the Gain?

By Dr. M Govinda Rao Download the essay in PDF [121 KB] The ruling party has hailed the Prime Minister’s announcement of ₹500 and ₹1000 notes becoming invalid as a historic and unprecedented attack on the black economy. Conversely, the...

Takshashila Discussion SlideDoc – An Account of Unaccounted Money

By Anupam Manur and Manasa Venkataraman Download the discussion document in PDF An Account of Unaccounted Income is a discussion document that takes an in-depth look at India’s unaccounted economy. It is important to distinguish between different categories of unaccounted...