National Council of Applied Economic Research
Opinion: Souryabrata Mohapatra and Amit Mitra. To reach the $10 trillion economy milestone by 2030, India needs to maintain an annual growth rate of over 8%. As India marches towards its ambitious goal of becoming a ‘Viksit Bharat’ by 2047, a critical challenge threatens this vision: the ongoing exodus of its brightest minds. The Union... Read More
The survey by think tank NCAER showed that the Business Confidence Index fell 15.3% from the preceding quarter The numbers suggest a deep and all-pervasive worsening of business sentiments NCAER said in a statement New Delhi: Business confidence of India Inc declined to its lowest in six years in August-October according to the latest survey... Read More
Focussing on short-term revenue maximisation can hurt long-term welfare. Auctions must be redesigned to meet a wider set of goals. Since the last decade the auction of key public goods has emerged as yet another important tool in India for resource mobilisation. As a result the auction mechanisms are increasingly being designed to maximise revenue.... Read More
Business confidence across the industry declined in the September quarter over the previous three months due to an all-pervasive worsening of business sentiment said a survey by economic think tank NCAER on Monday. NCAER's Business Confidence Index (BCI) an indicator of business sentiment across Indian industry stood at 103.1 in the second quarter of 2019-20... Read More
We need a timebound mechanism to transition to a clearer land titling system The Indian macroeconomic slowdown is perceived as being structural in nature. One of the key suggestions being made is that India needs to carry out factor market reforms including those of land markets. In this article we make a specific policy recommendation... Read More
The national discourse can ill-afford the danger of being hijacked by the poor quality of data. Last week demographers from around the world gathered in Delhi to mark 25 years of National Family Health Surveys (NFHS). It was both a celebratory and sombre moment. Policymakers and researchers celebrated tremendous achievements of four rounds of the... Read More
Breaking away from the age-old tradition of immersing idols in rivers such as Yamuna this year set a new trend in Delhi. Following the directive of the National Green Tribunal-appointed committee idol immersion in the Yamuna this Dussehra was largely avoided albeit reluctantly by the ritual loving public. Instead the idols were immersed in artificially... Read More
Putting more money in the hands of the poor who have a high propensity to consume should be the aim of our fiscal policy. Abhijit Banerjee Esther Duflo and Michael Kremer have just been awarded the 2019 economics Nobel for their work on combating poverty. Banerjee Raghuram Rajan and others have also underlined the seriousness... Read More
While we do not question the basic premise that air pollution has adverse health impact we are sceptical about the figures quoted and the methodology adopted in estimating the cost. In the past three years several studies have linked air pollution with health effects. For instance the State of Global Air 2019 published by the... Read More
On 29 July 2019 the government amended and added to the terms of reference (TOR) of the 15th Finance Commission (15th FC) asking it to “... examine whether a separate mechanism for funding of defence and internal security ought to be set up..." The amendment has been interpreted as an attempt by the Centre to... Read More