Growth, Structural Transformation, and Distribution
Anchoring our work on the Indian macroeconomy
Details
Our focus areas include the relationship between growth and employment, constraints to growth and structural transformation, investment behaviour of Indian firms, external balance and its implications for growth, fiscal and monetary policy, as well as industrial and trade policy.
In addition to national statistics and household and firm surveys, we strive to combine alternative data sources like high frequency commercial data, administrative data, and firm registries, with local insights.
Key questions sought to be answered by this vertical include:
- What drives capital, labour, and firms’ accumulation across regions?
- Why do some areas structurally transform while others stagnate?
- How do historical inequalities and informal networks shape these outcomes?
By reframing “inclusive growth” as a regionally grounded, empirically rich inquiry, we hope to inform better policy, deepen public understanding, and contribute to a more equitable economic future.
Latest report
- Bhasin, P., & Jayadev, A.,(2026). India’s Economy in the last decade: a view through the Flow of Funds. Azim Premji University
- Basole, A., & Jayadev, A.,(2026). India’s Labour Productivity Puzzle. Azim Premji University
- Jayadev, A., & Tripathi, A.M.(2026). Growth, Employment, Productivity and Demographics in Indian States: Lessons from an Accounting Decomposition. Azim Premji University
- Jayadev, A., Tripathi, A.M., & Shravan, M.K. (2026). Rural Growth and Distribution. Two Narratives from the PLFS 2017- 23. Azim Premji University
- Dasgupta, Z., & Jayadev, A. (2025). Economic concentration in India: The role of financial conditions. Azim Premji University.
- Dasgupta, Z., & Jayadev, A.(2026). Economic concentration in India: The role of financial conditions. Economic and Political Weekly, 61(15). https://doi.org/10.71279/epw.v61i15.49058
- Jayadev, A., Tripathi, A.M., & Shravan, M.K. (2026). Rural growth and distribution. Two narratives from the PLFS 2017 – 2023. Review of Agrarian Studies, 16(1). https://doi.org/10.25003/RAS.16.01.0005
- Bhasin, P., & Jayadev, A. (2026). India’s economy in the last decade: A view through the flow of funds. Economic and Political Weekly, 61(31), 55 – 65. https://doi.org/10.71279/epw.v61i31.51144
- Basole, A. (2026, April 18), India’s manufacturing story can’t be built on cheap labour alone. Times of India.
- Jayadev, A., Kadirgamar, A., Mason, J.W., (2026, April 18), Sri Lanka’s Interest-Rate Trap. Project Syndicate.