The paper lays out a consistent frame work for monetary management in the context of excess capital inflows. There is an urgent need for developing competitive, open and well regulated markets for (a) long term debt (b) rupee futures and forwards, and (c) interest rate /credit risk products, so...

The paper’s focus is on successful Chinese policies that can be emulated by other countries to an extent (within certain bounds) which mentined in the article. The author is not trying to draw lessons for China itself on what policies it should correct or how China can do better in...

In this paper the issue of indirect tax reform, with a special focus on customs duty reform is examined. [WP]

The manufacturing sector in India is crucial for two main reasons: It has significant potential to provide modern employment to a growing labour force, especially that of less skilled type and second by its own healthy growth, stimulate and provide a foundation for, organic growth in other...

The focus of this paper is on the potential economic factors underlying voter behaviour in a democracy. It develops a simplified model based on economic theory (welfare & conditional probabilities) and governance problems prevalent in developing countries and emerging economies. [WP No. 138].

The paper proposes a Public accountability information system (PAIS), with a web enabled public information system and a smart card recording all the benefits that the poor are entitled to receive through government programs. [Planning Commission WP 1/2007].

Though Paul Kennedy and other scholars of National Security, Diplomacy and Foreign relations have emphasized the importance of the economy in National Power, not many economists have taken an interest in such issues. The current paper is an attempt to bridge the divide.The present paper shows...

This paper focuses on government investment and expenditure policies. Going beyond the growth experience, the author also tries to relate the policy experience to the issues of aggregate poverty, income distribution and hunger at an aggregate level. The broad theme that emerges from the analysis...

For most people the story of Indian reforms starts in the nineties, following the BOP crisis of 1990-91. There was a detectable increase in the rate of growth of the Indian economy in the 1980s arising from the liberalisation initiated in the eighties. [Working Paper No. 4/2001-PC]

The focus of the analysis is on the post-colonial period after India attained independence in 1947. This paper covers the period from 1950-51 onwards for which consistent data series are available. This means that growth rates are available from 1951-52 onwards. The primary purpose of the paper...