Articles by Pramit Bhattacharya
If 2008 marked the rise of behavioural economics, 2023 marks a year of reckoning. The Gino-Colada affair has blown the lid off a simmering crisis in the field
India’s poorly governed banking sector remains ill-equipped to support and sustain a recovery in investments.
Unlike several populist schemes that disproportionately benefit rural elites, MGNREGS reaches precisely those who need the State’s help the most.
Recent revelations by a former central banker and a former bureaucrat have put the spotlight on the relationship between the RBI and the Union finance ministry.
Challenges in India's DPI, such as the lack of a robust legal framework for data protection and exclusion in the Aadhaar system need to be addressed.
76 years after Independence, we need to have a more mature debate on the colonial legacy
Differences between states often get attention. But integration of the Indian market and demographic transition can be central forces for driving cooperation
The diaspora's role in the development of poor countries, particularly in China and India, has reshaped views on diaspora economics.
As companies adopt AI, labour and civil society groups need to have a say to boost overall economic productivity and wages
The burden of protecting India’s environmental resources is bound to be unequal across states and regions
The health of the economics discipline matters a great deal as the ideas of economists have a significant impact, both when they are right and wrong
The age of automation will give rise to new insecurities, and trade unions can regain their salience. But they must devise a new plan to recover lost ground
The most effective response to China lies in raising India’s economic growth over the long run
India’s macroeconomic defences remain a work in progress. The gaps in its defences could be exposed in the event of a big crisis
To deal with one of India’s biggest civilisational challenges, both economic and cultural instruments of change must work in tandem.
The row raises questions about Sebi’s enforcement of regulations, and the restrictions on short selling in India. Both must be tackled urgently
A tax on wealth is often discussed, but has proven hard to implement the world over. Instead, India must focus on building a progressive and effective property tax system
The central bank’s ability to support India’s growth journey will depend on how it meets four key challenges, namely risk management, consumer protection, autonomy, and accountability
India takes over as the president of the group in December. It must set the ball rolling to reform the G20, set new limits on economic warfare, reshape the global green agenda and prevent debt-related crises
Industrial Policy 2.0 is not without its risks. It could lead to cronyism, helping entrenched conglomerates set up new lines of businesses
In India, the September-November festive season has a decisive impact on the economy because it drives up consumption and acts as a bellwether for the year ahead
World over, central banks understand the need FLAto engineer a mild recession to avoid a stagflationary trap and are confident to make this step public. In India, the tradition of shooting the messenger prevents RBI from delivering this message emphatically. This needs to change
Of the four large nations in the region, India is the only one that has financial autonomy. This has been possible due to a conservative economic policy mix and diversity, and constitutional stability
In 2013, shortly after the rupee crisis, the two economists sparred on India’s governance priorities. Modi’s win in 2014 might have symbolised the rise of the Bhagwati model, but Sen’s ideas seem to have been more successful under this government
Apart from gold’s resistance to inflationary corrosion and stock market downturns, the currency management policy of RBI may be adding to gold’s lustre
The debate on the future of work has brought attention to several pain points in a typical office-goer’s life. But it also raises larger questions about what it means to live and work productively.
Its difficulty in balancing its role in both inflation management and debt management is rooted in India’s monetary history
There may be unintended consequences to the current conflict which could have far-reaching impacts on distant countries. The great power conflict in Vietnam provides an instructive example of such long-term effects.
The nature of the threat to India’s strategic autonomy has changed since the time of Independence but India’s strategic choices bear uncanny similarities with the past. As the Russia-Ukraine war rages, we have chosen to become non-aligned Nehruvians once again