Economy

Economy

Issue Articles

When Narratives Drive Economic Policy

The case of India's 2016 demonetisation
Demonetisation was not just an egregious act of cruelty but also an economic policy disaster. Yet, the successful use of popular narratives to sell the demonetisation story meant that the public did not make the government pay for this major folly.

How (Not) to Fight Monopolies

Lessons from India’s Licence Raj
RK Hazari's landmark work on corporates in 1960s India holds lessons for contemporary questions on promoting small and medium firms and ensuring effective corporate governance. These questions are all the more crucial in times of rising income inequality.

Learning from Crises

The Evolution of Indian Banking Regulation
India's banking regulation has come this far through a process of learning from a series of bank failures in the last century. But it might not be adequate to meet present and future threats.

‘Mere Paas Sarkaar Hai’

State Intervention in Indian Agriculture: Why it is needed and how it must change
The uniqueness of agriculture calls for continued & not less government intervention. Reform of Indian agriculture is needed, but this must be to enhance state capacities and strengthen regulatory oversight. What would be a “better government that is better”?

India 2020

A collection
A curated set of 35+ articles published in ‘The India Forum’ during a year which began with the demonstrations against the Citizenship (Amendment) Act, ended with the farmer protests against the new farm laws, but was the year of Covid-19.

What Did You Do in the Last 24 Hours?

Some reflections on India’s first Time Use Survey in historical perspective
The first nation-wide survey of the time spent by men and women on various activities during all 24 hours of the day brings out the gender inequalities in the work that each of them do.

The Three Farm Bills

Is This the Market Reform Indian Agriculture Needs?
The rules of the game in markets have changed dramatically. But there are problems with the fundamental premise of the approach, there are doubts about the future of state intervention & there are major lacunae in the bills, all making the outcome uncertain.

Understanding India’s Economic Slowdown

Need for Concerted Action
The bust of the 2010s after the boom of the 2000s can be repaired only by an investment revival that is led in good part by the public sector. But one must first have a clear idea of what lies behind the slump and acknowledge the depth of the crisis.

Comorbidities of the Indian Economic Recovery

The comorbidities of falling investment, exports, and consumption will make recovery look like the Nike swoosh logo: a flat and protracted recovery. A series of measures, including a rebuilding of trust, are required for sustained economic growth.

Confronting Precarious Work

Beyond social security for platform workers
The precarisation of labour is written into the very logic of platform business models. Ignoring this, and focusing only on social security measures to protect workers, normalises exploitative labour conditions as the 'future of work'.

Is India Concerned about its Energy Security?

India's overambitious targets for solar energy could destabilize its power sector and threaten energy security. Rather than 'green' political posturing, the country must plan an energy transition based on its developmental interests.

Idea of Social Stock Exchanges for India

Social enterprises have the potential to make a significant impact on India's society and economy, but they struggle to find sustained funding. Social stock exchanges can help bridge the funding gap and create an investment ecosystem for such enterprises.

Can Conventional Metrics of Employment be Accurate During a Lockdown?

Labour force surveys that yield estimates on job numbers are designed to capture work inputs in 'normal' situations. The concepts and methodology used can lead to errors in estimates during a lockdown when production has been completely or partially halted.

How can more women take up paid employment?

The abysmally low participation of women in paid work in India even today is very worrying. Policy interventions should look at how to encourage higher work participation, through offers of higher wages and better social security.

Seven Lessons for the Future

For the World After Covid-19
The pandemic has already taught us that for a better world we cannot have the market as the backbone of the economy; we need a more inclusive politics; decentralised governance is essential; and we obviously need a more harmonious relationship with nature.

Locking out the Working Poor

India's Inadequate Response to Covid-19's Economic Crisis
With more than three-quarters of India’s workforce either self-employed or in casual work, and earning low incomes, the lockdown was bound to devastate their livelihoods. Conditions were poor before the lockdown because of the slowdown. They have now worsened.

What Should We Do About the Indian Economy?

A Wide-Angled Perspective
In the absence of structural reforms for transformative growth, a rural-led growth strategy is the only option for economic revival at this point of time. Growth may be slower but it will be sustained. Supply-side measures like corporate cuts will not help.

Make in India: Why didn't the Lion Roar?

“Make in India” has failed to meet its objective of turning industry around. The government has seemed more concerned with improving India’s rank in the spurious Ease of Doing Business Index, which anyway did not result in higher investment.
No more articles!
Back to Top