GST as introduced in India being a destination based tax, does not encourage regions to vigorously promote manufacturing and tradable services industries. Being in the midst of its economic transformation, and given the subnational character of most states (regions), it is important that the stat
Research & Publication (Social Issues)
Impact of the Proposed GST on the Consumer Price Index in India
Fears that the movement to GST would add to inflation have been unfounded. In this study we ex-ante estimate the impact the movement to GST would have on inflation and show that it would be very marginal at best. The inflation argument to have multiple rates is therefore weak. The impact on the C
Estimating the Likely Total Infections and Deaths Due to COVID19 in Select Countries (Version April 1, 2020)
Abstract Using a logistic model of cumulative cases and deaths it would soon become possible to give estimates to the final numbers of cases and deaths that are likely on account of COVID19, for countries which have gone through about 60+ days since the first cases were recorded. Su
Economic Performance Of Gujarat In Recent Times
This paper reviews the growth and development of Gujarat, one of India's leading industrial states, and the reasons for its relatively high growth. It presents a synoptic review of the performance of the Gujarat economy since independence bringing out the underlying r
Missing Issues In The Debate On Reservation
This paper addresses the issue of reservation, as arising out of educational and social backwardness of the Other Backward Classes (OBC). Except in nomenclature there is no substantial evidence to show that most or even the majority of the ‘jatis’ that con
Societal Change, States And Governance: Insights From History And Other Societies
The nature of governance has differed widely across societies, and what is more interesting, within any particular society depending upon the stage of development. Governance is better defined in functional rather than in value terms. Functional governance aids and ab
The Growth And Transformation Of Small Firms In India
The book covers the growth and transformation of small industries in the nineties and before. It addresses policy issues and makes radical suggestions on how small industries can become the leading edge of India's competitiveness. Inter alia it covers the i
Why are We Junking This Engine of Growth?
The Indian budget of 1991-92, though lauded by many, does not take complete advantage of the vast opportunities for fast growth. Since its presentation, the appreciation in the real as well as nominal value of the rupee has been taking place; the appreciation would ev
Blog (Social Issues)
A Video Presentation : Will the Stimulus of Rs. "20 lakh crore" Work to Arrest the Economic Crisis? An Assessment
Will the Stimulus of Rs. “20 lakh crore” Work to Arrest the Economic Crisis? An Assessment
The Deepening Crisis of the Indian Economy
This VIDEO Presentation[from 15 minutes onwards] is preliminary to a working paper that I would soon be bringing out on a tragedy that is going
Macroeconomic Challenges Posed by the COVID19 in India
Massive intervention in the capital markets to greatly enhance liquidity and reduce the policy rates would be necessary. Otherwise the financial sector would tumble like nine pins. We suggest a rate cut by 1.5% and massive injection of liquidity well above the r
Exporting Onions v/s Higher Learning
The HRD minister thinks he is doing right by preventing IIM, Bangalore, from taking up its Singapore campus project. First, the minister has violated the earlier permission granted to IIM-B by his own ministry. This is illustrative of a major risk i