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In the News

Raghuram Rajan Says Migrant Workers Need Money For Vegetables, Cooking Oil, Shelter; Foodgrains Not Enough

featuring Raghuram Rajanvia Live Mint
Thursday, May 21, 2020

Calling India's ₹20.9 lakh crore stimulus inadequate in providing for recovery of an economy pummelled by covid-19, former RBI Governor Raghuram Rajan has said the package gives free foodgrains but migrant workers, rendered jobless by lockdown, need money to buy milk, vegetables and cooking oil and pay rent.

In the News

Rahul Gandhi And Raghuram Rajan Discussed Economic Situation In India Via Youtube

featuring Raghuram Rajanvia India Herald
Monday, May 18, 2020
RBI governor Raghuram Rajan to discuss the economic crisis looming over India due to the ongoing lockdown and measures to tackle the problem.

First-Mover Advantages Before and After TRIPS: Evidence from the Indian Pharmaceutical Industry

by Ajay Bhaskarabhatla, Chirantan Chatterjeevia IP2 Working Paper Series
Friday, December 18, 2015

Scholars argue that the presence of persistent first-mover advantages obviates the need for relatively long-lived patents as incentives for innovations. What then is the impact of the strengthening of patent protection, particularly in developing economies, on non-patent-based first-mover advantages? We investigate this question by estimating the extent of erosion of firstmover advantages in the Indian pharmaceutical industry due to the introduction of a stronger product-patent regime in January 2005. 

In the News

COVID-19 Has Pushed India's Already Suffering Tea Plantation Workers Into Deeper Crisis

quoting Raghuram Rajanvia The Wire
Monday, May 11, 2020
Tea workers are forced to live hand-to-mouth under normal circumstances. They will not be able to fight the consequences of contracting COVID-19.
Analysis and Commentary

‘Naoroji: Pioneer Of Indian Nationalism’ Review: Portrait Of An Independent Mind

by Tunku Varadarajanvia The Wall Street Journal
Saturday, May 9, 2020

A member of the British House of Commons at a time when Indians in India couldn’t vote, he argued that the empire was impoverishing his homeland.

In the News

Raghuram Rajan Clears The Air On How To Fund Stimulus

featuring Raghuram Rajanvia The Times of India
Saturday, May 9, 2020

The coronavirus crisis has crippled the economy and there’s little choice for the government but to provide a stimulus to revive demand.

Analysis and Commentary

‘Naoroji: Pioneer Of Indian Nationalism’ Review: Portrait Of An Independent Mind

by Tunku Varadarajanvia The Wall Street Journal
Friday, May 8, 2020
When the British government announced in 2014 that it would install a statue of Mohandas Gandhi in London’s Parliament Square, there were complaints in certain quarters that the wrong anticolonial Indian was being honored in the heart of an erstwhile empire. The statue, some said, should be not of the Mahatma—however great his status as tormentor-in-chief of the British Raj—but of Dadabhai Naoroji.
The Grumpy Economist
Blank Section (Placeholder)Blank Section (Placeholder)Analysis and Commentary

The Grumpy Economist: Stop Parties, Not Production

interview with John H. Cochranevia The Grumpy Economist | A Podcast with John H. Cochrane
Thursday, May 7, 2020

How to reopen in the wake of COVID-19.

In the News

Will Hunger Pangs Among Migrant Labour Lead To Anger On The Streets?

quoting Raghuram Rajanvia Citizen Matters
Monday, May 4, 2020

“I don’t see the pandemic but the hunger and starvation that comes with it as the reason for large scale unrest,” says Manaswini Bhalla, Associate Professor, Economics at IIM Bangalore. The context was the sorry plight of migrant and daily wage laborers stuck in the bigger cities due to the coronavirus lockdown.

In the News

Open Up Economy In Measured Way: Raghuram Rajan

quoting Raghuram Rajanvia Tribune India
Friday, May 1, 2020

Former RBI Governor Raghuram Rajan today said India should open up its economy in a measured way soon to enable people to have jobs and underlined that Rs 65,000 crore should be spent to support the poor during the Covid crisis.