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The latest wealth index by New World Wealth that looks at multimillionaires has ranked India eighth in the global rich list. This article contends that looking at absolute numbers may be misleading. ...

  • Perspectives

Economics of public pension: Analysing India's old-age pension scheme

India’s older population aged 60 or above, is the second largest in the world. This column analyses the effects of India’s National Old Age Pension Scheme on the wellbeing of the elderly. It recommen...

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What impedes SMEs from joining Asian supply chains?

While Small and Medium Enterprises play a significant role in job creation at the country level in Asia, they are underrepresented in Asian supply chains. This column analyses data from 5,900 manufac...

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Can MNREGA buffer negative shocks in early childhood?

Exposure to negative shocks such as drought during early childhood is known to have lasting, detrimental effects on human development outcomes. This column examines whether a household’s access to MN...

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Is the rupee fairly valued?

Is the rupee fairly valued, and should the RBI allow it to appreciate beyond its current rate? This column analyses new World Bank data and finds that the rupee is persistently undervalued by 30% or ...

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Goods and Services Tax in India: Challenges and prospects

The Finance Ministry recently announced that the Goods and Services Tax will soon be a reality. In this article, M. Govinda Rao – member of the 14th Finance Commission – discusses the challenges and ...

  • Perspectives

The new plan body must have a certain oomph

PM Modi has announced that his government plans to scrap the six-decade old Planning Commission and replace it with a more contemporary think tank. In this article, Abhijit Banerjee outlines the vari...

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Left, right, and toilets

Eliminating open defecation in India is a policy priority. This column contends that successful strategies for reducing open defecation may not fit policy stereotypes of the left or the right. While ...

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What the Muslim mortality paradox reveals about importance of sanitation for all children in India

It has long been noted that in India, Hindu children face substantially higher mortality rates than Muslim children, despite being relatively richer on average. This column shows that differences in ...

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Culture, religion and open defecation in rural north India

Open defecation in rural India is a human development emergency that is causing infant deaths, child stunting, and widespread infectious diseases. This column presents surprising qualitative and quan...

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Do private tuitions improve learning outcomes?

About a fourth of the students enrolled in elementary schools in rural India attend private tuitions. This column analyses the impact of private tuition on learning outcomes, and finds that it has a ...

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Protectionism under the guise of food security

India has backed out of the commitment it made at the WTO negotiations in Bali in November 2013. The implicit explanation is that the government needs to accumulate food grain stocks to provide subsid...

  • Perspectives