The Journal of Applied Economic Research (JAER) is a quarterly, peer-reviewed, international journal published by NCAER in New Delhi in conjunction with SAGE International. JAER publishes papers that pay special attention to the economics of emerging economies, but is open to high-quality papers from all fields of applied economics. Volume 16 Issue 2, May 2022... Read More
The main emphasis of the 73rd Amendment of the Constitution of India is to ensure uniformity between the functional responsibilities and the financial resources of the three-tier Panchayati Raj Institutions (PRIs). For this, the Gram Panchayat (GP) plays a dynamic role as an agency of local self-government. In order to become self-reliant, the Panchayats need... Read More
Various policy mechanisms are available to support the positive effects of the Sustainable Development Goals (SDGs) and reduce the negative outcomes of economic activities on the environment through effective interventions. To preserve the integration of dairy development strategies and practices with SDGs, this paper examines the key relationships involved in this process by major stakeholders... Read More
In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map. Latest Issue: May 2022 Previous Issues: April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October... Read More
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 system, providing an encompassing platform for digital financial innovation. We then compare progress in India with other... Read More
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... Read More
In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map. Latest Issue: April 2022 Previous Issues: March 2022 February 2022 January 2022 December 2021 November 2021 October 2021
India’s structural transformation directly from agriculture to the services sector without going through the intermediate step of agriculture to manufacturing to services has opened up policy challenges. While manufacturing can potentially create low-skilled labour-intensive jobs, it is the services sector that has proved to be the most dynamic. The debate between manufacturing and services has... Read More
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In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map. Latest Issue: March 2022 Previous Issues: February 2022 January 2022 December 2021 November 2021 October 2021