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Publications

Op-ed August 18, 2026

India’s federal bargain with states needs a reset for fiscal responsibility: Here’s what may work

By Dr. Niranjan Rajadhyaksha

The aggregate fiscal deficit numbers hide the diversity among Indian states, what measures can be embedded in the fiscal architecture to incentivise them to improve their fiscal management

Job Opening August 17, 2026

Senior Associate

We are seeking applications for the position of Senior Associate at Artha Global

Op-ed July 16, 2026

India is fast urbanizing but the path remains poorly lit: here’s how robust data could change that

By Dr. Niranjan Rajadhyaksha

India’s urban population is growing faster than official numbers indicate. Three measures could help ensure a regular supply of robust data to facilitate the transition.

Op-ed July 2, 2026

Opinion | An emerging economy’s exchange rate policy is not always about economics. Here’s why

By Dr. Niranjan Rajadhyaksha

Exchange-rate policy is shaped by more than economic fundamentals. In his latest Mint article, Dr. Niranjan Rajadhyaksha examines how politics, institutions, and market dynamics influence currency management in emerging economies.

Op-ed June 18, 2026

Opinion | Stress on the external front must not obscure domestic chal­lenges

By Dr. Niranjan Rajadhyaksha

India’s household economy tells a different story than headline growth. Stagnant real incomes are reshaping how families save, borrow, spend, and work—revealing domestic challenges that deserve as much attention as external risks.

Op-ed June 3, 2026

Opinion | Chinese FDI is wel­come but stay vigil­ant on innov­a­tion spill­backs

By Dr. Niranjan Rajadhyaksha

India needs foreign capital, but new evidence suggests Chinese FDI may also facilitate technology transfer back to parent firms. As investment rules ease, policymakers face the challenge of balancing growth with strategic caution.

Blog June 2, 2026

State of Digital Public Infrastructure

A primer on Digital Public Infrastructure

Op-ed May 19, 2026

Opinion | Gold buying for investment purposes also makes it easier to reduce imports of actual bullion

By Dr. Niranjan Rajadhyaksha

India’s rising gold imports are increasingly driven by investment demand rather than traditional consumption. Niranjan Rajadhyaksha explores what this means for the rupee, foreign exchange reserves, and economic policy.

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