India Inc. showed a strong performance in the fiscal year 2002-03 and continued the tempo through the first quarter of 2003-04. While this is a reason to celebrate, many doubts linger about the sustainability of this trend ...

A stylised fact of India’s economic history since 1950 is that the rate of growth of the economy has accelerated periodically and across policy regimes. In this paper we present a theoretical framework that can generate ...

My central argument is: To bring down food inflation to the desired level, among others, concrete measures need to be undertaken to control and/or cut down the cost of production of food commodities.

This paper explores the idea that the decline of foodgrain production in Kerala originated in the decline of agriculture following migration to the Gulf. It is this event, it is argued that has stood in the way of land ...

Conventional wisdom and current practice in India appear to privilege total factor productivity (TFP), as a measure of productivity, rather than labour productivity. However, labour productivity is a measure of potential ...

One of the most striking conclusions reached in Prabhat Patnaik's recent book The Value of Money (2008) is that the world monetary system is still de facto a commodity money world, despite having broken all de jure links ...

The Central Goods and Services Tax Act, 2017 has an “anti-profiteering” clause aimed at ensuring that businesses pass on tax rate cuts and cost savings resulting from the adoption of GST to the consumers. In this context, ...

Analysis of this study has been done in the background of the telecom and other reforms initiated in India since 1991. The study attempts to evaluate the financial and operational performance of the three public sector ...