There are certain inherent problems with land because of its peculiar characteristics, which impede the natural emergence of a well-functioning market. The legal and regulatory framework can potentially overcome these problems. In India, despite some reform efforts, the land market continues to...

Provides the Overview to the Report and reviews each of the chapters in the report. The theme of governance in India in the context of commercialisation of infrastructure is introduced and issues raised by the various papers are linked together to present an agenda for reform

Brings out the context for (economic) governnance reform in India and develops the theme of the report on better governance for commercialisation of infrastructure. Argues that most situations of governnace inadeuacy or failure can be traced to utlimate causes in bad policy, rules, law and poor...

Brings out the issues in infrastructure development in India. The policy, regulatory, legal and institutional constraints in infrastructure development, and the opportunities for reform are highlighted. Topics covered are the background of infrastructure reform emanting from a more liberal...

GST as introduced in India being a destination based tax, does not encourage regions to vigorously promote manufacturing and tradable services industries. Being in the midst of its economic transformation, and given the subnational character of most states (regions), it is important that the...

This paper is based on the EXIM Bank International Trade Research Annual Award 1990 doctoral thesis "Foreign Direct Investments From India: 1963-83". It brings out the trends in direct foreign investments over the period, the patterns of ownership and control, the sources of technology of the...

In this paper we bring out the performance of the Indian economy, and review the approach of macroeconomic policy especially demand management in the Indian economy. After the shock of the Global Financial Crisis (GFC), India’s economy did not dip much due to the well-directed fiscal stimulus...

Delays and cost overruns in Public Sector investments can raise the capital-output ratio in the sector and elsewhere, bringing down the efficacy of investments. Yet there are no estimates of the delays and cost overruns, and of their opportunity cost. This study arrives at rough estimates of the...

The situation prior to the COVID, as brought out in Morris, Sebastian (2020), was problematic with major slowdown and heightened uncertainty in the financial sector in the last year before the Crisis. The response of the RBI, free from its conservative shackles, now followed the US into...

The budget contained an announcement that the central government would actively explore the option of using an appropriate form of the ‘food stamps’ or an alternative scheme to improve the efficacy and reduce the cost of the current system of administration of food subsidies. The...