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
Opinion: Souryabrata Mohapatra and Sanjib Pohit. Key challenges are efficient utilisation of allocated funds, timely completion of projects, and a balance between urban and rural development. India’s ambitious vision to achieve developed nation status by 2047 hinges on a transformative journey through infrastructure development. This journey is not merely about constructing highways or erecting skyscrapers;... Read More
Opinion: UdaiBir Das. The UK’s newly minted National Wealth Fund (NWF) stands not merely as a state-owned financial entity but as a beacon of hope amidst climate challenges. Its mission: To secure a lasting reservoir of funding for climate resilience and sustainable economic growth. Much like a lighthouse, this state-owned investment fund promises to inspire... Read More
Opinion: Saurabh Bandyopadhyay, Jigisha Sharma and Shalini Aggarwal. The Union Budget 2024-25 increased the allocation of agriculture by 4.6%, i.e., Rs 1,32,469.9 crore from Rs 1,26,665.6 crore in the Revised Estimates (RE) of 2023-24. However, if we include allocation for the allied sector as well, the total allocation becomes Rs 1,39,607.5 crore. Agriculture is considered backbone... Read More
Opinion: Souryabrata Mohapatra. A more equitable and sustainable strategy is needed – one that recognises the interconnected nature of climate, development, and consumption. India, the world’s third-largest emitter of greenhouse gases, finds itself at the crossroads of development and environmental sustainability. The global approach to climate change, heavily focused on reducing carbon emissions through renewable... Read More
Opinion: Poonam Gupta. In September this year, India will complete 8 years since it implemented Inflation Targeting (IT). Consistent with the experience of other countries, in India too, IT has been credited with improved outcomes: gentler and less volatile headline inflation; anchored inflationary expectations; improved communication and transparency; enhanced transmission of monetary policy; greater independence... Read More
Opinion: Souryabrata Mohapatra. Our climate vision demands a radical rethink: Balancing growth with sustainability while challenging global norms and pushing for equitable solutions. India, the world’s third-largest emitter of greenhouse gases, finds itself at the crossroads of development and environmental sustainability. The global approach to climate change, heavily focused on reducing carbon emissions through renewable... Read More
Opinion: Souryabrata Mohapatra. India stands out as a beacon of hope, demonstrating unwavering commitment through innovative climate initiatives and sustainable practices. This year’s record spell of an intense heatwave in Delhi, during which temperatures touched 50°C, highlighted concerns over the adverse effects of climate change globally. India remains a beacon of hope through its actions... Read More
Opinion: Barry Eichengreen. Sketching a reform agenda for the International Monetary Fund is easy; implementing reform is hard. It will require, among other things, the US to give up its veto in the institution, and China to assume more responsibility for global stability and the problems of other economies. AIX-EN-PROVENCE – In July 1944, exactly... Read More
Opinion: Sonalde Desai and Purushottam Kulkarni. India proved that development is the best contraceptive. Now, we need to focus on adapting to the demographic destiny through careful planning. We’ve made the right choices, the next step is fixing the pieces of the population puzzle. There is often a gap between public posturing and private reality.... Read More
Opinion: Souryabrata Mohapatra. While exceeding solar power targets and promoting sustainable lifestyles, India grapples with financing gaps and policy implementation challenges. Net Zero plan: India is vigorously striving not only to cut greenhouse gas emissions but also to improve the quality of life for its people. Its diverse topography and ecosystems render it especially susceptible... Read More
