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Highlights

EGROW Webinar by Raghbendra Jha

This paper presents a Vision of India in 2050, 30 years from now. Instead of detailing the current weaknesses in the economic and social indicators and the gaps relative to other countries, it looks at the broader developments & trends in the global economy and polity, which could be used by Indian government and its people to leapfrog to a better life. It then envisions a better India which can realistically be created. It also outlines a broad approach for this purpose. Greater detailing of actions, policies and institutional reforms would complement this vision and help make it into a reality.

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EGROW Webinar by Lucrezia Reichlin

EGROW Webinar by Xinrui Shi

Recent Events


Pandemic Crisis 2020: Lessons and reforms


ASSOCHAM & EGROW 15th SMPC on Apr 3, 2021
Key Takeaways
  1. The rise in COVID cases has been exponential as compared to last year. Normalcy may take longer than expected.
  2. Private investment was down and more public investment did not take place as expected.
  3. Funding fiscal deficit will be a major challenge
  4. GST collection has been in record high which is good sign during this pandemic.
  5. The quantum of liquidity should remain unchanged.
  6. The MPC has to strike a balance between elevated core inflation and headwinds for growth emerging from the second wave of the pandemic.
  7. The RBI and the Government should consider pausing/suspending Inflation Targeting for a year and focus exclusively on growth and investment - 1 member.
  8. RBI should keep Interest rate low to help in government huge borrowing plan.
Recommendation of EGROW Shadow MPC

Members of EGROW SMPC - 5
Stance -
Accommodative - 5 members
Repo Rate -
Retain at 4 percent - 4 members
Reduce by 25 bp
Non Members - 3
Stance - Accommodative - 3
Repo Rare- Retain - 3

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Research

India Vision 2050

Arvind Virmani
Download the paper as PDF … Abstract … This paper presents a Vision of India in 2050, 30 years from now. Instead of detailing the current weaknesses in the economic and social indicators and the gaps relative to other countries, it looks at the broader developments & trends in the global economy and polity, which could be used by Indian government and its people to leapfrog to a better life.
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Past papers of EGROW Researchers

Arvind Virmani … Economics papers … Investment: Corporate India and Households (September 2017) Deceleration, Demonetization and GST: Growth Prospects and Policy Solutions (September 2017) Fall and Rise of India (October 2013) A New Regional Doctorine for India (April 2013) Under Nourishment in Children: Causes of Inter country variation (October 2012) Building a New Global Financial Institution…
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Future of Indian Banking from Public Policy Perspective

Download the paper in pdf … Abstract … Technology and social control on banks has helped in achieving a high degree of financial inclusion but the contribution of banks in channelizing financial savings to productive sectors has been sub-optimal due to large public sector debt and decline in financial savings in an increasingly consumption-driven economy. Desktop analysis of the annual reports of…
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13-Apr-2021 Arvind Virmani
13-Apr-2021 Arvind Virmani