Economic stability is not achieved in a vacuum. It is formed by an intricate interplay of political choices, fiscal demands, public expectations, and institutional systems. The lens of political economy enables us to understand how these elements effect the making and triumph of monetary policy—which includes not just interest rates, but also currency management, debt… Continue reading How Political Economy Impacts Monetary Policies and Economic Stability
Did you know that India had only two market-dominant car models (Ambassador and Premier Padmini) during the 1980s? For decades after independence, India followed the system of License Raj, which operated in a network of controls and state-imposed market forces. India’s GDP growth was merely 3.5%, falling below other economies of Asia. The country was… Continue reading India’s Deregulation Journey – From License Raj to Economic Powerhouse
It has been more than a year since the Gaza-Palestine war broke out, and there is no end in sight. While the world partakes in festive cheer with their families, many in Palestine and Israel are grieving the loss from a conflict that has spanned decades. Palestinians are living under circumstances with a lack of… Continue reading The Israel-Palestine War and India’s Foreign Policy
It took India a decade to recognise that education is one of the key sectors directly connected to the country’s economic growth. In contrast, developed nations prioritised education early on, understanding its crucial role in shaping progress. While India focused on advancements in various sectors, education lagged behind. Education is a fundamental catalyst for development… Continue reading The Impact of Education Policy on India’s Economic Growth
As India strives for accelerated economic development, Dr. Arvind Panagariya, the first Vice Chairman of NITI Aayog, presents a compelling vision of how free trade can be the driving force behind the nation’s export-led growth strategy. In order to realise India’s enormous economic potential, he advocates for a stronger embrace of free trade, challenging conventional… Continue reading The Free Trade Revolution: Dr. Arvind Panagariya’s Blueprint for India’s Export-Led Economic Transformation
Understanding Public Finance: The backbone of economic stability and sustainable growth Public finance is the backbone of a nation’s economic structure, influencing everything from healthcare to education, infrastructure, and social welfare. Imagine an Indian state where the roads are potholed, schools are underfunded, and hospitals lack essential supplies. This scenario could become a reality without… Continue reading An introduction to Public Finance: Key concepts and practices
More than 30 years ago, Martin Diamond posed a significant question in one of his essays: What do we want from federalism? His answer was perhaps hopelessly optimistic. He viewed federalism as a system that helps preserve individual liberties, creates a sense of citizenship, and provides a flexible response to diverse problems of society. His… Continue reading Understanding Federalism: Its Impact on Public Policy
In the quest for accelerated economic development, India has recognised the pivotal role of foreign direct investment (FDI) in driving industrial growth. As the nation charts its course towards greater industrialisation, attracting foreign investment has become a cornerstone of its economic strategy. FDI not only injects essential capital into the economy but also brings advanced… Continue reading Attracting Foreign Investment: Policy Insights for Industrial Growth
Economic policy is a fundamental tool that governments wield to steer their nations toward growth, stability, and prosperity. Through fiscal, monetary, and structural policies, governments influence the direction of economic activity, seeking to balance objectives like full employment, low inflation, and sustainable growth. As we navigate the complexities of the 21st century, understanding how economic… Continue reading Economic Policy: Shaping the Future of National Economies
Have you ever considered a career in public policy? Are you curious about the Indian School of Public Policy (ISPP) and its programmes? If so, then this blog is for you! This blog post provides a comprehensive overview of the recent “Ask us Anything” webinar hosted by the Indian School of Public Policy (ISPP) on… Continue reading Unveiling the World of Public Policy: Insights from the ISPP Ask Us Anything Session
