The Union Budget for FY 2021-22 presented on February 1, 2021 has the distinction of being the first budget after Covid-19 devastated much of the world, including India. India registered a historic contraction of nearly 24% in its Gross Domestic Product (GDP) in the first quarter of the current financial year, unemployment surged, small enterprises suffered acutely… Continue reading Budget bats for key policy measures in the banking sector: Implementation is the key
The novel coronavirus pandemic has cast a long shadow of financial uncertainty for both the Centre and states. The impact of the pandemic on the economy and the lives of the economically and socially disadvantaged requires a sizeable government funding exercise to try and limit the ripple effects of the pandemic. Livelihoods need to be… Continue reading State of Public Finance in India during COVID-19
The Socratic Paradox has presented itself to the world once again. If there is one thing we know for certain about COVID-19 at this point in time, it is that we don’t know anything for certain. This uncertainty around the absolute knowledge is necessary to establish upfront since it ideally opens us up to the fact that… Continue reading India and Covid-19: Economic Challenges, Impact and Policy
On 9th September, a few scholars from the ISPP attended an IGC panel discussion on ‘Financing Development in India.’ The panelists included Ms. Prachi Mishra from Goldman Sachs, Dr. Ananth Narayan, Faculty of Finance from SP Jain Institute of Management and Research, and Mr. Andy Mukherjee from Bloomberg. The discussion was moderated by Dr. Pronab… Continue reading The Path to a 5 Trillion$ Economy
