National Council of Applied Economic Research
Opinion: Udaibir Das. From risk management to catalysts for growth. Following the Asian and 2008 financial crises, financial stability became the bedrock on which modern market-based financial systems were designed to withstand shocks. This shaped how central banks globally managed systemic risks, with many, especially in advanced economies like the Bank of England and Sveriges... Read More
Nivedita V talks to Bornali Bhandari, Professor at NCAER about the gig economy, highlighting differences between part-time and full-time workers, as well as workers in different cities. In this State of the Economy podcast, Nivedita discusses the world of gig workers and the challenges they face in obtaining social security. Joined by Professor Bornali Bhandari... Read More
Opinion: Anupma Mehta. The lasting legacy of the G20 summit would be its attempt to mainstream a gender-responsive perspective. The just concluded G20 summit in India and its reiteration of gender empowerment through the implementation of the UN’s Sustainable Development Goals (SDGs) provides an apposite backdrop for examining the pace and progress of this empowerment... Read More
Opinion: Somya Mathur and Badri Narayanan However, WTO’s tariff moratorium on digital transmission must continue for the countries of the Global South, such as India, to become major players. The crucial role of digital technologies was brought out during the Covid period. So to tap their full potential is one of G20’s primary agendas. Micro,... Read More
Opinion: Poonam Gupta. In the recent Jackson Hole Conference, the Central Bank governors of the US, Europe, and Japan reaffirmed their commitment to inflation targets of 2 percent. They resolved to continue raising the policy rates and keeping them “higher for longer”, in pursuit of this target. The subtext of their speeches contained important nuances.... Read More
Opinion: Anupma Mehta. The conceptualisation of financial autonomy was such a prescient aspect of the scheme that it immediately forged a bond with the target audience, exhibiting results from the very day of the launch. When the American author, public figure, and civil servant Clare Booth Luce asserted in the mid-twentieth century, “A woman’s best... Read More
Opinion: Poonam Gupta. Overhauls to multilateral development banks could be a lasting legacy of India’s G20 presidency. Reforming the multilateral development banks (MDBs) is an important aspect of the global reforms agenda under India’s G20 presidency. The World Bank Group (WBG), as the largest MDB, is the most prominent candidate for such reforms. By taking... Read More
Opinion: Piyali Majumder, Somya Mathur and Sanjib Pohit Though it will have little impact on exports to EU, India must oppose this trade-discriminatory move. While the world is grappling with finding finance for energy transition towards low carbon pathway, European Commission has announced a Carbon Border Adjustment Mechanism (CBAM) as a part of its Green... Read More
Opinion: Barry Eichengreen and Poonam Gupta. Debt is projected to increase by the largest amount in the same states that are currently the most heavily indebted. At 28 per cent of gross domestic product (GDP), states account for nearly a third of the total debt of Indian governments. (The central government accounts for the rest.)... Read More
Opinion: Sonalde Desai. Competing newspaper op-eds by PM’s Economic Advisory Council and two former chief statisticians have led to back and forth about the weakness of our statistical systems and political motivations behind impugning statistics. However, they offer a silver lining by highlighting the importance of statistics for evidence-informed policymaking. Several observations are noteworthy: Indian... Read More
