NCAER in the News

Opinion: Sudipto Mundle India could nudge the US and China towards a win-win rather than zero-sum relationship on the critical issues we all face. Way back in 1972 a study on ‘The Limits of Growth’ commissioned by The Club of Rome had issued a dire Malthusian warning that without significant curbs on the observed pattern of...   Read More

Opinion: Mythili Bhusnurmath This is not the first time Das has urged caution on cryptos. His speech on Tuesday coming days after the PM convened a meeting on the issue last Saturday draws an important distinction between using technologies like blockchain for economic progress and for mining cryptos. Karl Marx today may well have said ‘Cryptocurrency...   Read More

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

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

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

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

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

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

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

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