Publications

Op-ed March 21, 2023

Opinion | Do not let increasing heatwaves sap worker productivity in India

The heatwave that rippled across India earlier this month had not just left us sweltering, but also sparked fears that the winter crop could wilt because of rising temperatures.

Paper March 15, 2023

Parallel Streams: Political Federalism and Economic Integration in India

By Dr. Niranjan Rajadhyaksha & Prakhar Misra

As a conceptual and theoretical framework, economic integration has a long history of discord and disagreement—much of it still unsettled….

Op-ed March 9, 2023

Opinion | Industrial policy learnings from a Soviet model versus Japanese

By Dr. Niranjan Rajadhyaksha

It had an interesting headline ‘The Return of the Policy That Shall Not Be Named: The Principles of Industrial Policy’. There is now growing evidence that Lord Voldemort is back.

Op-ed February 21, 2023

Opinion | January’s inflation data served us a reminder of RBI’s challenge

By Dr. Niranjan Rajadhyaksha

The sticker shock in January may well be a temporary blip because of higher cereal prices, or it could be a lesson in the fact that disinflation is rarely a neatly linear process. There will be reversals.

Op-ed February 8, 2023

Opinion | India must reduce its public debt ratio to build economic resilience

By Dr. Niranjan Rajadhyaksha

First, the interest costs of servicing this public debt leave the government with less money to spend on essential items such as infrastructure, the green transition, welfare programmes, defence and social security.