April 2017 ARVIND PANAGARIYA I. Personal Information 1. Title
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Rakesh Mohan: State of the Indian Economy
Rakesh Mohan: State of the Indian economy Inaugural address by Dr Rakesh Mohan, Deputy Governor of the Reserve Bank of India, at the 2nd Annual Indian Securities Infrastructure & Operations Forum 2006, Mumbai, 7 November 2006. * * * It is my great pleasure to be here at the 2nd Annual Indian Securities Infrastructure & Operations Forum 2006. The recent growth momentum of the Indian economy is leading to renewed interest in India’s growth prospects. As the mid-year review of the annual policy is just over I thought instead of giving just a run-down of the current state of the Indian economy let me put the current trends into a broader perspective - both with respect to the longer term trend and as well as the global scenario. Thus, I will proceed as follows: • In order to draw appropriate perspectives for the future of the Indian economy, I will first present an overview of India’s economic progress over the past three decades. • Given the growing integration of the Indian economy with the rest of the world, I will then discuss the prospects of the global economy. • This will be followed by an assessment of the current economic situation in India. • Finally, I will discuss some of the issues necessary to accelerate the current growth momentum. I. Overview of longer-term trends Growth, savings and investment Following the initiation of structural reforms in the early 1990s, the Indian economy has grown at an annual average rate of over 6 per cent per annum. While the 1980s had also witnessed high growth (5.8 per cent per annum), this growth was associated with widening macroeconomic imbalances – growing fiscal deficits, growing current account deficits, falling international reserves and higher inflation – culminating in the balance of payments crisis of 1990-91. -
Daily Updated Current Affairs–08.03.2019 to 10.03.2019
DAILY UPDATED CURRENT AFFAIRS–08.03.2019 TO 10.03.2019 NATIONAL The Supreme Court's Constitution Bench has referred the Ram Janmabhoomi-Babri Masjid dispute case for court-appointed and monitored mediation for a "permanent solution". Supreme Court has appointed a 3 member panel of mediators. Former apex court judge Justice (retd) F M Kallifulla will head the panel of mediators in the case. Other members of the panel of mediators include spiritual guru Shri Shri Ravi Shankar and senior advocate Sriram Panchu. The Court directs that the panel of mediators will file a progress report of the mediation proceedings within four weeks and the process should be completed within eight weeks. President Ram Nath Kovind launched the Pulse Polio programme for 2019 By administering polio drops to children on the eve of the National Immunization Day (10th March) at the Rashtrapati Bhawan. More than 17 crore children of less than five years across the country will be given polio drops as part of the drive to sustain polio eradication from the country. The Mizoram Cabinet approved the proposed Mizoram Liquor Prohibition Bill,2019. Liquor was prohibited in the state from 1997 till January 2015 with the Mizoram Liquor Total Prohibition Act in force. The previous Congress government had allowed opening of wine shops in the state from March 2015. Railways Minister Piyush Goyal announced that all mountain railways in India will now have glass- enclosed coaches. Vista dome coaches have large windows on the sides and glass panels on the roof to provide better viewing experience. Oil Minister Dharmendra Pradhan announced that 7 crore LPG connections have been distributed within the last 34 months under the Pradhan Mantri Ujjwala Yojana (PMUY). -
Annual Report 2015-2016 Research Themes
Annual Report 2015-2016 Research Themes The research themes of the initiative are explored through public lectures, seminars, conferences, films, research projects, and outreach.� The Initiative currently conducts research on the following themes: 1 Indian Urbanization: Governance, Politics and Political Economy 2 Economic Inequalities and Change 3 Pluralism and Diversities 4 Democracy Above: Engaged audience at Student Fellowship Presentation Front Cover: Chhatrapati Shivaji Terminus at Sunset. Mumbai, India. Image: Paul Prescot 1 OP Jindal Distinguished Lecture Series To promote a serious discussion of politics, economics, social and cultural change in modern India, Sajjan and Sangita Jindal have endowed, in perpetuity, the OP Jindal Distinguished Lectures by major scholars and public figures.� Fall 2015 MONTEK SINGH AHLUWALIA and also in books. He co-authored Re-distribution In October 2015, Montek Singh Ahluwalia with Growth: An Approach to Policy (1975). He delivered the OP Jindal Distinguished Lectures. also wrote, “Reforming the Global Financial Ahluwalia has served as a high-level government Architecture”, which was published in 2004 as official in India, as well as with the IMF and the Economic paper No.41 by the Commonwealth World Bank. He has been a key figure in India’s Secretariat, London. Ahluwalia is an honorary economic reforms since the mid-1980s. Most fellow of Magdalen College, Oxford and a member recently, Ahluwalia was Deputy Chairman of the of the Governing Council of the Global Green Planning Commission from July 2004 till May Growth Institute, a new international organization 2014. In addition to this Cabinet level position, based in South Korea. He is a member of the Ahluwalia was a Special Invitee to the Cabinet Alpbach-Laxenburg Group established by the and several Cabinet Committees. -
Modi: Two Years On
Modi: Two Years On Hudson Institute September 2016 South Asia Program Research Report Modi: Two Years On Aparna Pande, Director, India Initiative Husain Haqqani, Director, South and Central Asia South Asia Program © 2016 Hudson Institute, Inc. All rights reserved. For more information about obtaining additional copies of this or other Hudson Institute publications, please visit Hudson’s website, www.hudson.org ABOUT HUDSON INSTITUTE Hudson Institute is a research organization promoting American leadership and global engagement for a secure, free, and prosperous future. Founded in 1961 by strategist Herman Kahn, Hudson Institute challenges conventional thinking and helps manage strategic transitions to the future through interdisciplinary studies in defense, international relations, economics, health care, technology, culture, and law. Hudson seeks to guide public policy makers and global leaders in government and business through a vigorous program of publications, conferences, policy briefings and recommendations. Visit www.hudson.org for more information. Hudson Institute 1201 Pennsylvania Avenue, N.W. Suite 400 Washington, D.C. 20004 P: 202.974.2400 [email protected] www.hudson.org Table of Contents Overview 5 Defense 13 Self-Sufficiency 14 Challenges and Opportunities 15 Education and Skill Development 18 Background 18 Modi Administration on Education 20 Prime Minister Modi’s Interventions in Skill Development 20 Challenges and Opportunities 21 India’s Energy Challenge 23 Coal 23 Petroleum 24 Natural Gas 25 Nuclear 27 Renewables 28 Challenges -
Raghuram Rajan
EXECUTIVE BRIEFINGS POLITICS AND ECONOMY: RAGHURAM RAJAN Adit Jain, IMA India June 2016 A fine innings India’s economy is precariously perched. Its current account deficit has crossed 5% of GDP. Fiscal imprudence over successive years has led to high deficits, which in turn have created sticky retail inflation in the 10-12% range. Foreign exchange reserves are down to USD 280 billion and both industrial output and investment have shrunk. Adding to the misery has been a rude shock dealt by the United States Federal Reserve through an announcement that it proposes to taper its bond buying programme. The ensuing taper tantrum is leading investors to dump emerging market assets fearing the end of cheap money. Consequently, the Rupee has come under a bear hammering shedding around a quarter of its value. Liquidity is tight and analysts are worried about external solvency and a balance of payments crisis. Adding to all of this is a threat, most serious, of a sovereign downgrade by rating agencies. All this happened in the autumn of 2013 when an academic from the University of Chicago was brought in to assume charge as Governor of India’s Reserve Bank. In a few months from now, Raghuram Rajan will complete his three-year term in office. The disquiet within the markets is whether he will get a second term. As this note will argue, he richly deserves it. It is within the bounds of tradition that central bank Governors in India are given extensions and usually serve for two terms. Very few have not done so. -
Research & Publications
ISSN 2320 –2114 Research & Publications Annual Report 2019–2020 Research and Publications Team Prof. Jishnu Hazra Chairperson, Research and Publications Members of Research and Publications Committee Prof. Jishnu Hazra Prof. Mukta Kulkarni Prof. Pulak Ghosh Prof. Chetan Subramanian Prof. Prithwiraj Mukherjee Prof. Abhinav Anand Prof. Gopal Das Research and Publications Team Nirmala Manoj Project Executive Chitralekha A D Copy Editor I Strategy (S) RESEARCH AND PUBLICATIONS ANNUAL REPORT 2020 (April 2019 – March 2020) Strategy (S) Strategy 1 Contents Preface 3 Research Output 4 IIMB Cases at Harvard Business Publishing (HBP) 6 Leading Journal Publications 8 Awards, Honours, and Achievements 10 Area-wise Publications and Research Output I Strategy (S) 11 II Economics and Social Sciences (ESS) 35 III Finance and Accounting (F&A) 60 IV Marketing (M) 78 V Organisational Behaviour & Human Resource Management 87 (OB&HRM) VI Productions and Operations Management (P&OM) 106 VII Decision Sciences (DS) 119 VIII Information Systems (IS) 134 IX Centre for Public Policy (CPP) 139 X Entrepreneurship 158 XI Centre for Corporate and Governance and Citizenship (CCGC) 164 XII Data Centre and Analytics Lab (DCAL) 166 XIII Supply Chain Management Centre (SCMC) 175 XIV Centre for Teaching and Learning (CTL) 181 XV Israel Centre (IC) 183 XVI India Japan Study Centre (IJSC) 187 XVII IIMB Research Seminar Series 189 Contents Author Index 196 2 Preface IMB’s vision and mission entail thought leadership, innovation and I excellence in education. The faculty at IIMB engages in original academic research and in developing case studies to expand the frontiers of knowledge and evolve tools for an enriching classroom experience. -
Monday, July 12, 2021 Tuesday, July 13, 2021
JULY 12-15, 2021 On Zoom every day during 6:30 to 9:30 pm IST and at equivalent times in other zones (time clock) Participation in the India Policy Forum 2021 is by invitation. Invitations are non-transferable. Click here for Biosketches of the participants MONDAY, JULY 12, 2021 All times are IST 6:30–8:00 pm Welcome Remarks Surjit S Bhalla, Executive Director IMF & Governing Body Member, NCAER Introduction to the 18th India Policy Forum Poonam Gupta, NCAER; Barry Bosworth, Brookings Institution; Karthik Muralidharan, University of California, San Diego & NCAER The 3rd T.N. Srinivasan Memorial Lecture “Responding to COVID-19 amidst Market and Government Failures” Speaker: Shanta Devarajan, Georgetown University & NCAER Chair: Rukmini Banerji, Pratham Education Foundation 8:00–9:30 pm Big, Open Data for Development: A Vision for India [Paper] Sam Asher, Johns Hopkins; Aditi Bhowmick, Development Data Lab; Alison Campion, Development Data Lab; Tobias Lunt, Development Data Lab; Paul Novosad, Dartmouth College, Development Data Lab Chair: Suman Bery, Bruegel & former Director General, NCAER Discussants: Robert J. Cull, World Bank Ashwini Deshpande, Ashoka University TUESDAY, JULY 13, 2021 All times are IST Welcome to the 2nd day of the IPF 2021 & general instructions 6:30–8:00 pm Analysing India's Exchange Rate Regime [Paper] Rajeswari Sengupta, IGIDR; Ila Patnaik, NIPFP Chair: Raghuram Rajan, University of Chicago & former RBI Governor Discussants: Poonam Gupta, NCAER Prakash Loungani, IMF 8:00–9:30 pm IPF POLICY ROUNDTABLE ONE The future of economic reforms: 30 years after “बता तेरी रजा �ा है? (What’s your wish?)” Looking Back to Look Ahead Conversations with four Finance Secretaries on the next round of reforms Moderator: K.P. -
India Policy Forum July 12–13, 2016
Programme, Authors, Chairs, Discussant and IPF Panel Members India Policy Forum July 12–13, 2016 NCAER | National Council of Applied Economic Research 11 IP Estate, New Delhi 110002 Tel: +91-11-23379861–63, www.ncaer.org NCAER | Quality . Relevance . Impact NCAER is celebrating its 60th Anniversary in 2016-17 Tuesday, July 12, 2016 Seminar Hall, 1st Floor, India International Centre, New Wing, New Delhi 8:30 am Registration, coffee and light breakfast 9:00–9:30 am Introduction and welcome Shekhar Shah, NCAER Keynote Remarks Amitabh Kant, CEO, NITI Aayog 9:30–11:00 am The Indian Household Savings Landscape [Paper] [Presentation] Cristian Badarinza, National University of Singapore Vimal Balasubramaniam & Tarun Ramadorai, Saïd Business School, Oxford & NCAER Chair Barry Bosworth, Brookings Institution Discussants Rajnish Mehra, University of Luxembourg, NCAER & NBER [Presentation] Nirvikar Singh, University of California, Santa Cruz & NCAER [Presentation] 11:00–11:30 am Tea 11:30 am–1:00 pm Measuring India’s GDP growth: Unpacking the Analytics & Data Issues behind a Controversy that Refuses to Go Away [Paper] [Presentation] R Nagaraj, Indira Gandhi Institute of Development Research T N Srinivasan, Yale University Chair Indira Rajaraman, Member, 13th Finance Commission Discussants Pronab Sen, Former Chairman, National Statistical Commission & Chief Statistician, Govt. of India; India Growth Centre B N Goldar, Institute of Economic Growth [Presentation] 1:00–2:00 pm Lunch 2:00–3:30 pm Early Childhood Development in India: Assessment & Policy -
Growth and Poverty
GROWTH AND POVERTY GROWTH AND POVERTY The Great Debate Pradeep S Mehta Bipul Chatterjee GROWTH AND POVERTY The Great Debate Published by D-217, Bhaskar Marg, Bani Park Jaipur 302016, India Tel: +91.141.228 2821, Fax: +91.141.228 2485 Email: [email protected] Web site: www.cuts-international.org ©CUTS International, 2011 First published: June 2011 The material in this publication may be reproduced in whole or in part and in any form for education or non-profit uses, without special permission from the copyright holders, provided acknowledgment of the source is made. The publishers would appreciate receiving a copy of any publication, which uses this publication as a source. No use of this publication may be made for resale or other commercial purposes without prior written permission of CUTS. The views expressed here are those of the commentators/authors and can therefore in no way be taken to reflect the positions of CUTS International and the institutions with which the commentators/authors are affiliated. ISBN: 978-81-8257-149-5 Printed in India by Jaipur Printers Private Limited, Jaipur #1106 Contents Acknowledgement ix Reflections xi Abbreviations xv Foreword xvii Simply not Debatable! xxi Part I: Professor Jagdish Bhagwatis Lecture to the Parliament of India Indian Reforms:Yesterday and Today 3 Part II: The Debate on Growth and Poverty Its a Myth that Reforms are not Helping the Poor 21 G Srinivasan Selected Reflections from the Debate 24 Abhijit Banerjee 24 Arvind Panagariya 25 R Vaidyanathan 27 Alok Ray 28 Basudeb Chaudhuri 29 Indira -
In This Issue... Plus
Volume 18 No. 2 February 2009 12 in this issue... 6 Vibrant Gujarat 8 India Inc. at Davos 12 15th Partnership Summit 22 3rd Sustainability Summit 8 31 Defence Industry Seminar plus... n India Rubber Expo 2009 n The Power of Cause & Effect n India’s Tryst with Corporate Governance 22 n India & the World n Regional Round Up n And all our regular features We welcome your feedback and suggestions. Do write to us at 31 [email protected] Edited, printed and published by Director General, CII on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi-110003 Tel: 91-11-24629994-7 Fax: 91-11-24626149 Email: [email protected] Website: www.cii.in Printed at Aegean Offset Printers F-17 Mayapuri Industrial Area, Phase II, New Delhi-110064 Registration No. 34541/79 JOURNAL OF THE Confederation OF INDIAN INDUSTRY 2 | February 2009 Communiqué Padma Vibhushan award winner Ashok S Ganguly Member, Prime Minister’s Council on Trade & Industry, Member India USA CEO Council, Member, Investment Commission, and Member, National Knowledge Commission Padma Bhushan award winners Shekhar Gupta A M Naik Sam Pitroda C K Prahalad Editor-in-Chief, Indian Chairman and Chairman, National Paul and Ruth McCracken Express Newspapers Managing Director, Knowledge Commission Distinguished University (Mumbai) Ltd. Larsen & Toubro Professor of Strategy Padma Shri award winner R K Krishnakumar Director, Tata Sons, Chairman, Tata Coffee & Asian Coffee, and Vice-Chairman, Tata Tea & Indian Hotels Communiqué February 2009 | 5 newsmaker event 4th Biennial Global Narendra Modi, Chief Minister, Gujarat, Mukesh Ambani, Chairman, Investors’ Summit 2009 Reliance Industries, Ratan Tata, Chairman, Tata Group, K V Kamath, President, CII, and Raila Amolo Odinga, Prime Minister, Kenya ibrant Gujarat, the 4th biennial Global Investors’ and Mr Ajit Gulabchand, Chairman & Managing Director, Summit 2009 brought together business leaders, Hindustan Construction Company Ltd, among several investors, corporations, thought leaders, policy other dignitaries. -
Priority Issues for India in External Trade
VIF REPORT Priority Issues for India in External Trade Vivekananda International Foundation Priority Issues for India in External Trade N/;H7=3@3@63"@F7D@3F;A@3>AG@63F;A@ /;H7=3@3@63"@F7D@3F;A@3>AG@63F;A@ ,3@&3DF;@&3D9 :3@3=K3BGD; '7I7>:;V. S. Seshadri -7> 3J ?3;>;@8AH;8;@6;3 AD9 074E;F7III H;8;@6;3 AD9 >>+;9:FE+7E7DH76 'AB3DFA8F:;EBG4>;53F;A@?3K47D7BDA6G576 EFAD76;@3D7FD;7H3> EKEF7? AD FD3@E?;FF76 ;@ 3@K 8AD? AD 4K 3@K ?73@E 7>75FDA@;5 ?75:3@;53> B:AFA5ABK;@9 D75AD6;@9ADAF:7DI;E7I;F:AGFF:7BD;AD B7D?;EE;A@A8F:7BG4>;E:7D )G4>;E:764K/;H7=3@3@63"@F7D@3F;A@3>AG@63F;A@ N/;H7=3@3@63"@F7D@3F;A@3>AG@63F;A@ /;H7=3@3@63"@F7D@3F;A@3>AG@63F;A@ © Vivekananda ,3@&3DF;@&3D9 :3@3=K3BGD; '7I7>:; International Foundation, 2019 -7> 3J Vivekananda International?3;>;@8AH;8;@6;3 AD9 Foundation 074E;F7III H;8;@6;3 AD9 3, San Martin Marg, Chanakyapuri, New Delhi - 110021 Tel: 011-24121764, Fax: 011-66173415 E-mail: [email protected],>>+;9:FE+7E7DH76 Website: www.vifindia.org All Rights Reserved.'AB3DFA8F:;EBG4>;53F;A@?3K47D7BDA6G576 EFAD76;@3D7FD;7H3> EKEF7? AD FD3@E?;FF76 ;@ 3@K 8AD? AD 4K 3@K ?73@E 7>75FDA@;5 No part of ?75:3@;53> B:AFA5ABK;@9 D75AD6;@9ADAF:7DI;E7I;F:AGFF:7BD;ADthis publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher. -
Dr. Isher Judge Ahluwalia on HER
Remembering Dr. Isher Judge Ahluwalia ON HER BIRTH ANNIVERSARY Isher Judge Ahluwalia was inspired by issues of urbanisation and governance Rajat Kathuria | Indian Express | September 29, 2020 For a scholar of her stature and with all the exceptional achievements to boot, she could well have rested on her laurels. There was nothing left to prove. But that was not Isher. Isher last public appearance on ICRIER's platform was in February this year at the launch of Montek Singh Ahluwalia’s memoir, Backstage. When the phone rang to inform me of the passing away of Isher Judge Ahluwalia, former chairperson of ICRIER and my former boss, the world stopped, if only for an instant, as if someone had pressed a pause button. The poignancy of the moment was accompanied by a flashback of memories of a smiling Isher with perfectly groomed salt and pepper hair, announcing with grace, dignity, poise, charm and brilliance, the start of another conference at ICRIER. Her public persona was larger than life. Behind the exterior, there was also an Isher who was compassionate, supportive, loyal and who possessed almost a childlike desire to learn about issues that drew her interest. My close association with Isher began fittingly with a conference in April 2012. I was to take over as director and chief executive of ICRIER later that year. She decided to “induct” me at an ICRIER event in Vigyan Bhavan where the then Prime Minister Manmohan Singh was the chief guest. An updated edition of the festschrift, India’s Economic Reforms and Development: Essays for Manmohan Singh, co-edited by Isher was to be presented to him.