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The India Policy Forum (IPF) is India’s most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper. This 2016-17 IPF volume brings together the papers presented at the 13th IPF Conference held on July 12-13, 2016. The paper by C. Badarinza, V. Balasubramaniam, and T. Ramadorai presents for the first time an integrated perspective on the balance sheet of Indian households. The paper by R Nagaraj and T. N. Srinivasan unpacks the analytical and data issues underlying the controversy surrounding India’s new GDP estimates. The paper by A. Adhvaryu, P. Bharadwaj, and S. Krumholz analyzes India’s experience with child health and development, and suggests how policy and programs can be made more effective in this vital area. The paper by S. Chatterjee and D. Kapur raises troubling questions about the performance of Indian agriculture and highlights six puzzles, related among other things to the political economy, trade, and productivity of Indian agriculture. The final paper synthesizes knowledge and weighs the evidence from an array of studies on India’s National Rural Employment Guarantee Scheme, the world’s largest workfare program.
The India Policy Forum (IPF) is organized by the National Council of Applied Economic Research (NCAER) in New Delhi in partnership with the Brookings Institution, Washington, D.C. It aims to examine India’s economic reforms and its economic transition using policy-relevant empirical research. The IPF comprises an annual international conference in July in New Delhi and the IPF Volume that brings together the conference papers. These papers undergo detailed revisions after the conference based on discussants’ comments at the IPF and the guidance provided by the editors. The IPF is guided by distinguished international advisory and research panels. The first IPF 2014 paper presents an assessment of the impact on India of the US Federal Reserve’s tapering talk in May 2013, and the lessons to be learnt from that for the future. The second paper uses the longitudinal panel data from the NCAER’s India Human Development Survey to answer the question of whether we can expect India’s National Food Security Act to reduce the problem of malnutrition. The third paper examines the distributional impact on women of India’s rapid economic growth during the past three decades. The fourth paper asks the question of whether India’s publicly funded health insurance schemes are working for the population below the poverty line. The volume concludes with the fifth paper discussing corruption in India and seeking to bridge the available research evidence to the policies that could be used to tackle corruption. The annual IPF Volume is globally the most cited collection of articles on India and should be useful to researchers and policy-makers in economics and political economy.
The India Policy Forum (IPF) is organized by the National Council of Applied Economic Research (NCAER) in New Delhi in partnership with the Brookings Institution, Washington, D.C. It aims to examine India’s economic reforms and its economic transition using policy-relevant empirical research. The IPF comprises an annual international conference in July in New Delhi and the IPF Volume that brings together the conference papers. These papers undergo detailed revisions after the conference based on discussants’ comments at the IPF and the guidance provided by the editors. The IPF is guided by distinguished international advisory and research panels. The first paper in this 2013 IPF Volume evaluates the impact of laws governing the operation of India’s labour market within the organized industrial sector. The next paper analyzes India’s role in the rapid development of international production networks. The third paper examines the conduct of Indian monetary policy since the onset of the global financial crisis, focusing on the persistent high rates of inflation in India. The fourth paper provides an overview of fiscal and monetary policies in the years after the financial crisis. The volume concludes with an assessment of the value of social audits, widely advocated as a tool for improving public accountability, in the MGNREGA program in Andhra Pradesh. The annual IPF Volume is globally the most cited collection of articles on India and should be useful to researchers and policy-makers in economics and political economy.
"India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee program. Corruption also hinders growth at many turns. All these factors bring into question how feasible or wise it is for India to pursue a path toward global political power rather than concentrate on improved economic engagement worldwide. Dr. Joshi believes India's economic problems are serious and systemic, not a temporary blip. His analysis sets forth that the only way the country can truly prosper is to find the means to return to the earlier levels of growth through massive economic reform. This policy reorientation calls for eliminating price controls as well as both explicit and hidden subsidies to industries, introduction of direct cash transfers to the poor in place of the state's own costly production of goods and services, and an aggressive move toward privatization rather than over-reliance on family firms and widely-held corporations. Without these, the requisites of economic stability cannot be fully established, let alone propel significant growth"--
India Policy Forum 2009–10 (Volume 6) comprises papers and highlights of the discussions from the sixth edition of the India Policy Forum (IPF) conference, held on July 14 and 15, 2009, in New Delhi. The annual examines India's reforms and economic transition using policy-relevant empirical research. It generates theoretically rigorous and empirically informed research on important current and unfolding issues of Indian economic policy. A joint publication of the National Council of Applied Economic Research in India and the Brookings Institution in the United States, the IPF serves as a forum for a global network of scholars interested in India's economic transformation.
The India Policy Forum (IPF) is India's most prominent annual economic policy conference in the summer season of New Delhi and is organized by NCAER, the National Council of Applied Economic Research. The primary goal of the IPF is to promote original policy and empirical research on India, including policy-focused review articles that seek to define the best economic policy advice based on robust, empirical research. The annual IPF conference provides a unique combination of intense scholarship and expert commentary on commissioned research papers with a strong focus on policy. The revised papers and conference proceedings are published in this volume, including the comments of paper discussants and a summary of the floor discussion on each paper.
This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for generating forecasts and risk assessment as well as conducting policy analysis. QPM incorporates several India-specific features like the importance of the agricultural sector and food prices in the inflation process; features of monetary policy transmission and implications of an endogenous credibility process for monetary policy formulation. The paper also describes key properties and historical decompositions of some important macroeconomic variables.
The book provides a unique combination of intense scholarship and commentary on the topics covered, focusing primarily on policy implications.
Despite becoming a global economic force, why does India win so few Olympic medals and have so many people living in poverty? Why have opportunities not become available more broadly? How can growing individuals assist with the task of building a growing economy? Krishna presents a refreshingly unusual perspective of emergent realities, drawing on the stories of everyday lives, of people like you and me and those less privileged. Through decades-long investigations, living in villages and slum communities, the author presents eye-opening details of missed opportunities and immense untapped talent that can be harnessed, with tremendous consequences for equity and growth. Offering possible solutions for inequality and those in need, The Broken Ladder is a comprehensive and fascinating account of development strategies in a fast-growing, yet largely agrarian, developing economy.
Contributors working at the International Monetary Fund present 14 chapters on the development of monetary policy over the past quarter century through the lens of the evolution of inflation-forecast targeting. They describe the principles and practices of inflation-forecast targeting, including managing expectations, the implementation of a forecasting and policy analysis system, monetary operations, monetary policy and financial stability, financial conditions, and transparency and communications; aspects of inflation-forecast targeting in Canada, the Czech Republic, India, and the US; and monetary policy challenges faced by low-income countries and how inflation-forecast targeting can provide an anchor in countries with different economic structures and circumstances.