This article hypothesizes that economic reforms become sustainable when the discursive conditions prevailing in society tip against the existing paradigm under exceptional circumstances. Thus, unless the pro-liberalization constituencies dominate the development discourse, economic reforms,...

The present paper aims at examining comparative growth performance, structural transformations and causal relationships among Physical Capital Formation and Gross State Domestic Product in Punjab and Haryana states. Various analytical estimations have been made from secondary time series data...

The main purpose of this study is to re-examine the threshold effect of inflation and economic growth relationship in India. Methodology: The study estimated the non-linear regression model to examine the non-linearity between inflation and growth, further logistic smooth transition regression...

The paper's objective is to examine whether the Indian Rupee was fairly valued as of end March 2015. First, the movements of the trade weighted real effective exchange rate (REER) of the Rupee are tracked over the last ten years. Next, the underpinnings of the Harrod-Balassa-Samuelson effect,...

This Working Paper examines India's growth and employment generation performance over the last ten years in the context of key indicators such as fiscal and current account balances and inflation and suggests priorities for macroeconomic reforms. An improvement in the central Government's...

During crises, governments resort to extraordinary fiscal and financial measures to mitigate the recessionary impacts of crises. These macroeconomic intervention measures along with aggregate demand and supply shocks and policy choices would affect the exporting environment of a country through...

This paper discusses new dimension of ailing Indian automobile industry. Automobile industry in India is witnessing nose dive decline in 2019. The trend indicates that since last three quarters, each segment within automobile sector is passing through its worst time in history. Till 2017 India's...

What are the political consequences of monetary shocks? While theories of retrospective voting suggest that voters should punish incumbents for negative economic shocks within incumbents' control, other works suggest voters' ability and willingness to do so are limited. We examine this issue by...

In current economic scenario especially in the automobile sector, the sales of passenger vehicle i.e. commercial vehicle, two wheelers and three wheelers dropped drastically in the month of the August 2019, which shocked the Indian economy in all round. In this paper, undersigned examined the...

This article situates the international activities of subnational governments in India within the broader political economy of federalism. It argues that the nature and the extent of subnational states' engagements in international affairs are a function of the partisan political relationship...