NCAER in the News

Opinion: Poonam Gupta and S Priyadarshini. The real growth rate of the Indian economy in the April-June quarter of 2023-24 (Q1, FY24), according to the latest data released by the Central Statistical Office (CSO), stood at 7.8 per cent. Market economists embraced this data as reflective of their own projections, and in line with their...   Read More


  • Recent Appointments of Professor Sonalde Desai

    NCAER Professor, Sonalde Desai, who holds a joint appointment as Distinguished University Professor at University of Maryland, has recently been appointed to the Committee on Population of the National Academy of Sciences based in Washington, D.C. The Committee on Population was established by the Academy in 1983 to bring the knowledge and methods of the...   Read More

  • Improving The Credit Scenario In India

    Opinion: Bornali Bhandari Samarth Gupta Ajaya K Sahu and KS Urs Increased awareness and usage of government schemes may be partly responsible for the upswing in credit take among businesses in India. Growth in non-food credit slowed down to single digits since 2019–20:Q2.  In the NCAER Business Expectations Survey Round 116 conducted in March 2021 we...   Read More

  • As the US Fed tightens the asset purchases spigot once more, will India feel the heat?

    Opinion: Barry Eichengreen & Poonam Gupta The literature points to the importance of prior financial conditions (capital inflows and real appreciation in the pre-taper period) financial market structure (the size of financial markets) and select macroeconomic variables in explaining the differential impact of the taper announcement. Specifically countries more dependent on external finance prior to Ben...   Read More

  • Why PMAY-U fails to address India’s intrinsic housing problems

    Opinion: Prerna Prabhakar Despite a huge central assistance commitment of ₹1.8 lakh crore PMAY-U has not been able to achieve the desired goal of meeting the affordable housing demand and solve deep rooted issues associated with the housing market in the country. At a recent event Prime Minister Narendra Modi gave away keys to seventy five...   Read More

  • View: G20’s ‘historic’ global tax agreement endorsed on Saturday, like the city of Rome, won’t be built in a day

    Opinion: Mythili Bhusnurmath Sad truth is the only time G20 delivered on its promises was when interests of advanced economies were threatened after GFC — with urgency. Landmark historic pathbreaking — all these words and more have been used to describe the global agreement on corporate tax rates pioneered by the Paris-based Organisation for Economic Cooperation...   Read More

  • Who is my regulator?

    Opinion: K P Krishnan RBI's recent actions against auditors highlight the need for role clarity as well as coordination among regulators. The Reserve Bank of India (RBI) governor drew our attention earlier this week to the importance of accurate financial information for resource allocation market confidence and financial stability. Establishment and enforcement of accounting and audit...   Read More

  • Why Indian employment experience is anything like the ‘great American resignation’

    Opinion: Sonalde Desai and Santanu Pramanik First unlike Americans opting out of the workforce is not an option for most Indians. The existence of the vast informal sector offers refuge to employees pushed out of wage employment. Second this employment of last resort should not be taken to imply a robust recovery. Even as vaccinations soar...   Read More

  • India’s difficult transition from fossil fuels to net-zero emissions

    Opinion: Sudipto Mundle Challenges abound in reducing dependence on coal and oil but the greater use of gas in our energy mix could ease the way. Ironically the coal crisis has forced the Indian government to ramp up domestic production and imports of coal the dirtiest fossil fuel while the world focuses on net-zero carbon...   Read More

  • Full capital account convertibility: Will merits outweigh the risks?

    Opinion: Mythili Bhusnurmath RBI (not GoI) announcing a push towards CAC - widely seen as increasing the vulnerability of emerging market economies to global macroeconomic shocks - on the day the Global Hunger Index (GHI) showed India slip three ranks to fall below Pakistan Bangladesh and Nepal marks a seismic shift in India's macroeconomic policies. India...   Read More

  • Indian Education and Innovation Culture

    Opinion: Sanjib Pohit and Jaideep Ghosh In the latest Global Innovation India India’s rank is 46. The good news is that she has climbed 2 spots over the previous year’s standing and the performance is labelled as above expectations against the yardstick of the level of development. The bad news is that Asian countries like Malaysia...   Read More