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A Central Bank Digital Currency for India?

We review arguments for CBDC issuance in India. These include facilitating payments, enhancing financial inclusion, enabling the central bank and government to retain control of the payments system, facilitating cross-border payments, reducing dependence on the dollar-dominated global payments...

Barry Eichengreen, Poonam Gupta, Tim Marple
May 2022
Slowdown of the Indian Economy during 2019-20: An Enigma or an Anomaly

In this paper, we analyze the deep and anomalous economic slowdown in 2019-20, when the Indian economy grew at a rate of 4 percent, the lowest in a decade. We argue that the slowdown was largely confined to one year, 2019-20. The growth rate in the prior years averaged at 7 percent a year, and in...

Poonam Gupta, Abhinav
Apr 2022
Coverage and Nonresponse Bias in Telephone Surveys during the COVID-19 Lockdown in India

In the wake of the COVID-19 pandemic, telephone surveys have been used extensively for carrying out studies on health knowledge, morbidity, and mortality surveillance. In order to understand the extent of different sources of non-observation errors in telephone surveys, we compare the distributions...

Santanu Pramanik, Neerad Deshmukh, Bijay Chouhan, Manjistha Banerji, Reem Ashraf, Dinesh Kumar Tiwari, Sonalde Desai
Mar 2022
Urban Exclusion: Rethinking Social Protection in the Wake of the Pandemic in India

The COVID-19 pandemic, and the consequent nationwide lockdown in India that began on March 25, 2020, caused a major disruption in the labour market, leading to the widespread loss of livelihoods and food insecurity. The findings from a telephonic survey of a representative sample of more than 3,000...

Pallavi Choudhuri, Santanu Pramanik, Sonalde Desai
Mar 2022
Measuring Women’s Empowerment in the Global South

Over the past two decades, we have seen an explosion in research on the topic of women’s empowerment and its related dimensions, and yet much remains to be done in terms of clarifying conceptual pathways and best practices in measurement. This review traces the intellectual and historic context in...

Sonalde Desai, Feinian Chen, Shilpa Reddy, Amy McLaughlin
Mar 2022
Records of Rights of Indian States as Title Registers: An Assessment

In the Land Governance space, a meaningful conversation on the issue of ‘How’ and in ‘What’ format should Title Registers (generally called Record of Rights - RoRs, in rural India) be maintained in India, has been missing. Literature is very scanty on a subject that has considerable bearing...

Vijay Singh Bangari, Apoorva, Aswani Munnangi, Deepak Sanan, Somnath Sen
Feb 2022
Empirical Evidence of Gender Bias in Land Ownership in India

Insecure land rights often constrain the economic prospects of women and make them vulnerable to poverty and gender-based violence. Despite the fact that women play critical roles in agricultural operations, they have limited access to, control and ownership of land. Even if women own lands, the...

Charu Jain, Disha Saxena, Chandni Mishra, Rupal Taneja, Deepak Sanan, Somnath Sen
Jan 2022
The Taper This Time

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...

Barry Eichengreen, Poonam Gupta, Rishabh Choudhary
Nov 2021
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