On November 3, 2021, the Federal Open Market Committee announced that it would reduce the scale of its asset purchases by $15 billion a month starting immediately. Do emerging markets, such as India, need to prepare for a replay of the taper tantrum of 2013? We show that emerging markets, including India, have strengthened their... Read More
Governments, central banks, private firms and others need high frequency information on the state of the economy for their decision making. However, a key indicator like GDP is only available quarterly and that too with a lag. Hence decision makers use high frequency daily, weekly or monthly information to project GDP growth in a given... Read More
Agriculture plays a significant role in the economic development of the underdeveloped regions. Bihar in eastern India remains the poorest State despite the introduction of various policy reforms in the agricultural sector since the mid-2000s. We develop a growth diagnostics framework for the agricultural sector in order to identify the most binding constraints on its... Read More
In response to recent concerns expressed by Indian industry about the ‘employability’ of school and university graduates, this paper examines the role of pedagogy in developing life skills (or 21st century skills) and how these can be incorporated in the school/university curriculum. In recent curricular frameworks, life skills have been incorporated within the school curriculum... Read More
Educationists have had long debates on the efficacy of traditional forms of education versus vocational training. Even as India grapples with the challenges of improving the quality of primary and secondary education, there appears to be a policy shift in India, favouring vocational trainings that target the skill development of workers. This paper tries to... Read More
These summaries were prepared on the basis of the interviews of various stakeholders involved in skilling from education to vocational training at firms and the assessment of skills.
Indian states are divergent in terms of pursuing their own economic policies linked to education, employability and employment. States significantly differ in terms of resource endowments, especially on endowments related to skill. This is reflected in the unequal distribution of educational capabilities, employability and skill intensity in workforce, employment and other key indicators. In effect,... Read More
The Economic Surveys (2014–15 and 2015–16) have, over the years, stressed on the need to create jobs to meet the needs of a burgeoning population. However, the question as to which sector has the most potential to create jobs and at what level have often been left unanswered. The objective of this paper is to... Read More
Over the last two decades, less than half of the Indians who sought jobs actually got them, with many more millions set to enter the job market over the next two decades. Despite extensive unemployment and under-employment, however, there is a growing shortage of skilled workers. One of the ways to address this skills shortage... Read More
Demographic transition, economic uncertainty and technological changes have come together to create a concoction in India that has the potential to boil over economically and socially, if not skilfully managed. One path that could steady the future of India is to both create jobs that will absorb the burgeoning population and make the population work... Read More