GDP Growth in India has slowed down to less than 7%, from the recent high level of 8.2% in 2015-16. It is widely believed that the demonetization experiment, announced by Prime Minister Modi on November 8, 2016, is responsible for the slowdown in investment and GDP growth. This chapter provides statistical tests to estimate the determinants of GDP decline – somewhat surprisingly, it is not demonetization, but the ultra-hawkish interest rate policy followed by the RBI, that seems to be responsible for growth slowdown.
A short note on the GDP back-series released by the National Statistical Commission
The Report’s conclusion of 9 % growth in UPA-I (2004/5-2008/9) maybe, in reality, close to 6 % per annum. More...
All you wanted to know about Jobs in India – but were afraid to ask
A background report on Employment in India for the Prime Minister's Economic Advisory Council (EAC-PM)
The New Wealth of Nations reviewed in Dawn
"Bhalla's book is short and the arguments are expressed in simple, bold strokes. Sometimes his writing comes across a bit...