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Publications

Op-ed January 13, 2026

Opinion | India’s real economic growth looks healthy but fiscal space will shrink unless its nominal pace picks up

By Dr. Niranjan Rajadhyaksha

India’s real growth remains robust, but weak nominal GDP growth could limit the government’s fiscal flexibility as it seeks to reduce public debt.

Blog January 9, 2026

Operational Challenges of Consent Managers under DPDPA

By Shubham Shinde

Consent Managers, as envisaged under the DPDP, may encounter multiple operational challenges as market entities. Market solutions for compliance with data protection regulations in other jurisdictions offer an alternative approach.

Op-ed December 16, 2025

Opinion | Better data governance can help states improve welfare delivery

By Sridhar Ganapathy

States can learn from each other’s experiences of operationalising various data exchange mechanisms in the past.

Op-ed December 16, 2025

Opinion | Trade doesn’t always promote peace: What could go wrong was observed and outlined 80 years ago

By Dr. Niranjan Rajadhyaksha

Trade can entangle as much as it can integrate. A 1945 classic explains why asymmetric trade ties may undermine sovereignty in today’s turbulent global order.

Op-ed December 12, 2025

Inside the UPI decade: How a cash-first nation learned to pay differently

By Nikita Kwatra, Khushi Baldota & Anushri Pundit

UPI’s greatest unrealised potential lies not just in bringing the next 250 million users into the system, but in deepening what participation enables.

Op-ed December 2, 2025

Opinion | India is easing its regulatory burden on businesses, but the battle against its inspector raj will be hard fought

By Dr. Niranjan Rajadhyaksha

India is finally cutting back onerous regulations, but overcoming the inspector raj will require deeper, faster reform to unlock true economic freedom for businesses.

Op-ed November 18, 2025

Opinion | Strong growth with macro stability: Is India’s economy on an impressive new path?

By Dr. Niranjan Rajadhyaksha

India’s recent mix of fast growth and macro stability looks promising—but its durability will depend on deeper structural improvements.

Blog November 14, 2025

Bhasha SLMs are the future of Indian AI

By Dr. Hemant Adarkar & Sridhar Ganapathy

The future lies not in mimicking Silicon Valley but in embracing the Bharat-first approach: regionalized AI, powered by small language models and built on the bedrock of accessible hardware.

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