Publications & Resources
List of Publications & Resources
Fiscal Transfers and Inflation- Evidence from India
in Azim Premji University
- Published
- Authors
Abstract
Controlling for monetary policy, government transfers are potentially inflationary. This, however, may not be true when the economy is demandconstrained. Using a panel data of 17 Indian states over 30 years, we show that government transfers via welfare programs do not lead to inflation. For identification, we use a narrative shock series of transfer spending that is based on the introduction of new welfare programs. We then look at a specific program, NREGA, which has been shown to increase rural wages, and show that its implementation did not increase inflation.
Authors:
- Girish Bahal
- Anand Shrivastava
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The Size Structure of India’s Enterprises- Not Just the Middle is Missing
in Azim Premji University
- Published
- Authors
Abstract
Most international development economics and industrial organization literature emphasises the importance of SMEs (small and medium enterprises) as important to output, but especially to employment generation. Countries have different definitions for SMEs. In India the MSMEs (micro, small and medium enterprises) are defined in terms of investment in plant and machinery or equipment. The MSME Ministry (Annual Report, Government of India 2017 – 18) stated that the sector accounts for 45% of the manufacturing output and 40% of the total exports of the country; also that MSMEs accounted for 30.74% of GDP in 2014– 15. Not surprising, MSMEs are considered a driving force of the economy.
Authors:
- Santosh Mehrotra
- Tuhinsubhra Giri
Links