The Indian economy is presently gripped by the dual phenomenon of an unprecedented slowdown as well as financial fragility. What has triggered this? Is this simply a random exogenous shock to an otherwise well-functioning economy? Or, is there anything structural about the present slowdown? What...

It is well known that at the end of the last and during the present century the Indian economy performed much stronger than during the first decades after independence. In common discourse this improved performance is usually linked to the change in policy framework which was introduced in 1991...

This paper proposes an evaluative study of the predictive capabilities of the yield spread on economic performance in India. While literature on the subject is vast, studies so far have centered primarily on the U.S. and other developed European economies. In line with previous literature, we...

The demonetization move by the Indian Prime Minister has caught the whole world's eye. Several logical views have been offered, both, for the move and against the move. In this paper, researcher has used the case study approach to find an answer. Economies of three countries, where...

Food insecurity and hunger are pressing issues in emerging market economies but have received less attention in the practice and conduct of monetary policy. This paper studies the impact of monetary policy on food inequality in India. Specifically, we examine the impact of monetary policy shocks...

This study updates and extends to the period 1988/9--1992/3 our earlier analysis of the public finances of India. The foreign exchange crisis of early 1991 forced the government to recognize the severity of the fiscal crisis it was facing and led to the implementation of a restrictive fiscal and...

We show that foreign capital liberalization reduces capital misallocation and increases aggregate productivity in India. The staggered liberalization of access to foreign capital across disaggregated industries allows us to identify changes in firms' input wedges, overcoming major challenges in...

This case study focuses on the challenges faced by women entrepreneurs in India due to lack of social support and stiff competition. It highlights the example of one real and recent Indian women entrepreneur, Megha Sharma was the founder and CEO of a company called "The Saffron Touch," who faced...

This article is a contribution to the literature that investigates the motives of foreign investors while investing in the domestic firms. We argue that in India, both positive and negative selection theories can be consistent in the backdrop of the asymmetry of information in foreign...

Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics have raised doubts about both the quality and sustainability of the increase in service sector activity and its implications for economic development. Using National Accounts...