The Price of Growth
Jan 27th 2012, C.P. Chandrasekhar
The early signs of a reduction in the rate of inflation have been used as evidence to make a case for lower interest rates. However, there is no reason to believe that within the current policy regime, rate cuts would not aggravate inflationary trends once again.
The Role China Plays
Jan 25th 2012, C.P. Chandrasekhar
China, which is being touted as the biggest challenger to US economic supremacy, is witnessing slowdown in its growth rates. However, such a slowdown could prove to be bad news for the US economy as well, because China also happens to be the biggest market for all US MNCs.
 
Thirst for Foreign Capital
Jan 27th 2012, C.P. Chandrasekhar
Concerned about the fall in FII investments and the financing of the growing current account deficit, the government has allowed a new group of foreign investors to invest directly in India's equity markets. To the extent that the measure is successful, it would mark a transition towards allowing greater presence of speculative players in the Indian markets.
India's External Sector
Jan 11th 2012, C.P. Chandrasekhar and Jayati Ghosh
Even before global currents caused relatively rapid outflows of mobile finance capital from India, the Indian economy was vulnerable on the external front. The recent pattern of growth that has been reliant on capital inflows to generate domestic credit-driven bubbles, rather than trade surpluses is not sustainable and puts the economy at greater risk.
Call for papers for the CESP Young Scholars' Seminar, JNU, New Delhi, March 12-13, 2012
(Deadline for submitting the abstract: February 10, 2010
Jan 20th, 2012
Plea from economists to delink food entitlements from faulty poverty measures
Sep 27th, 2011
India's New High Growth Trajectory: Implications for demand, technology and employment
Oct 12th 2011. C.P. Chandrasekhar
Evidence on trends in surplus generation and utilisation suggests that India's recent transition to a high-growth trajectory has been accompanied by and partly based on tendencies towards profit inflation and increased inequality. This paper offers an explanation as to why the net implications for employment and conditions of work of this growth trajectory have been adverse.
The Challenge of Ensuring Full Employment in the Twenty-first Century
Oct 12th 2011. Jayati Ghosh
The recent economic growth process in India and other parts of the developing world exhibits the inability of even high rates of output growth to generate sufficient opportunities for 'decent work' to meet the needs of the growing labour force. Therefore, there is a clear case for a shift towards wage-led and domestic demand-led growth, particularly in the economies that are large enough to sustain this shift.
The Siren Song of Cash Transfers
Mar 10th 2011. Jayati Ghosh
Cash transfers cannot and should not replace the public provision of essential goods and services, but rather supplement them. However, the current tendency is to see these as a further excuse for the reduction of publicly provided services. In India, where much of the development project still remains woefully incomplete, the urge to adopt this latest international development fashion involves several risks.
Budget 2011-12: The wages of cynicism
Mar 10th 2011, C.P. Chandrasekhar
This budget is afflicted to a far greater degree than before by a kind of cynicism that leads to policy paralysis. It lacks any focus or strategy whatsoever, and sticks to fiscal conservatism. Thus while paying lip service to ''inclusion'', it delivers little of it, since very few of the incremental expenditure allocations are significant when measured as a ratio to GDP.
National FDI Concepts: Implications for investment negotiations
Jun 4th 2010, Smitha Francis

Free trade agreements and bilateral investment treaties make privileges for and treatment of foreign direct investors legally binding. Thus, apart from the concerns of being able to capture the ''real'' financial and economic contribution of foreign direct investment inflows, FDI definitions are also about protecting the ''rights'' of the so-defined investors in the host country. Keeping this in mind, the article analyses India's current FDI policy and warns that if we define FDI within our national regulatory framework too broadly to allow instruments and flexibility that were earlier resisted, we would have already lost most of the leverage in investment negotiations at the regional and multilateral levels.

Report on the State of Food Insecurity in Rural India
Nov 23rd 2009

This Report is an update of the Rural Food Insecurity Atlas of 2001 released by the M S Swaminathan Research Foundation (MSSRF) and the World Food Programme (WFP). Since then, numerous new programmes have been initiated by the central and state governments for achieving food security in the country. Giving a broad indicative picture of the level of food insecurity in different states and the operation of the nutrition safety net programmes, the Report concludes that the State has to play a crucial role in enhancing foodgrain output, ensuring the widest access to food through expansion of livelihood opportunities and promoting biological utilisation through appropriate investments in public health measures.

Jyotirmoy Bhattacharya
 
What were the Main Drawbacks of the Nehruvian Strategy of Development?
Public Finance Statistics
Index Number of India's Exports & Imports
All India Index Numbers of Area, Production and Yield of Principal Crops (Base: Triennium ending 1981-82)
National Accounts Statistics (Base: 1993-94 )
National Accounts Statistics (Base: 1980-81)
National Accounts Statistics: Disaggregated Statements
State Domestic Product (Base: 1980-81)
 

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