Indian Economy

Assessing the PLI Scheme for Mobile Manufacturing in India

PLI has contributed to growth in production and exports; however, given the scale of support, the rise in output, relative to total electronics production, falls short. Four fifths of the domestic…
▶06-Jul-2025
Chidambaran G. Iyer

Credibility of Projections and Advance Estimates of India’s GDP

Estimates of India’s GDP change from initial to revised figures over two years, usually finally turning out to be initially over-estimated. Other economic aggregates too undergo revision. More…
▶23-Jun-2025
D Narayana, Amitesh Angrish, Saanvi Sharan, Priyasha Prusty, Rupanjana Roy

Reimagining the Road to a More Equitable India

India’s leaders face a crucial decision – persist with Western-inspired economic policies adopted after the 1991 shift away from industrial planning and socialism, or explore alternative approaches.…
▶22-Apr-2025
Arun Maira

A Supply-fix for a Demand-problem?

For the first time in years, the NDA government has admitted that there is a need to prioritise job growth. But Budget 2024 does not offer the right policy thrust. The economy needs a new economic…
▶19-Aug-2024
Rohit Azad, Indranil Chowdhury

What does the Data from the Household Consumer Expenditure Survey 2022-23 tell us?

The unit-level data from the 2022-23 consumption survey raises more questions than it answers. The design has a bias that excludes poor households and the methodology makes it non-comparable with…
▶09-Jul-2024
Ishan Anand

The Spirit Underlying Some Recent Proposals for Redistributive Taxation

In an economy characterised by a massively skewed distribution of resources, resulting in undeserved deprivation for the very many and equally undeserved super-abundance for a very few, surely there…
▶02-Jul-2024
S Subramanian

The Indian Economy is Doing Well, But Not Many Indians Are

The economy is growing rapidly and many economic indicators are flashing green. But the path that India has chosen, of promoting national business champions, has its limits. Economic distress is…
▶02-May-2024
T.N. Ninan
Book
Symposium on 2022-23 Consumption Data

The Household Consumption Expenditure Survey 2022-23

The 2022-23 NSO survey tells us that welfare, inequality and poverty have improved since 2011-12. Considering all other data and developments of recent years, it would appear that either the 2022-23…
▶03-Apr-2024
S Subramanian

Quantity vs Quality: Long-term Trends in Job Creation in the Indian Labour Market

Employment and wage trends since the mid-1990s have seen 3 phases of growth. In the 3rd period, since 2017–18, the ‘quantity’ of employment has grown. This has been mainly of the self-employed with…
▶31-Jan-2024
Maitreesh Ghatak, Mrinalini Jha, Jitendra Singh
Book
Book Review

India is at an Economic Crossroads: How Does it go Forward?

An elegant restatement of the need for appropriate policy to accelerate India’s development falls short of offering a detailed plan.
▶10-Jan-2024
Andaleeb Rahman