In India, the pace of financial innovation was relatively slow until the initiation of the financial liberalization program in 1991-92. The subsequent financial reforms have had important implications for the user costs of assets and resulted in significant substitution among them. Hence there...

In an economy undergoing structural reforms the composition of savings goes through considerable change. It is important to understand such changes both for increasing the volume of aggregate savings (to garner resources for higher economic growth) as well as affecting their composition (towards...

This paper computes calorie deficiency indicators across 75 NSS regions for the quinquennial rounds of 1987-88, 1993-94 and 1999-2000. Calorie requirements according to sedentary, moderate and heavy levels of work are used. There appears to be a sharp drop in the incidence of calorie deficiency...

The spatial distribution of poverty in India has emerged as a matter of urgent concern in recent times. Although much of this analysis has concentrated on the poverty experiences of states, there is considerable evidence of wide variations within states particularly, but not exclusively, the...

This paper computes protein deficiency indicators across 75 NSS regions for the quinquennial rounds of 1987-88, 1993-94 and 1999-2000. Furthermore, regional inequality in proten deficiency has persisted over time. The economic reforms program has been unable to make any significant dent on the...

Using a new data set constructed by converting NSS household consumption figures (rural sector) for the 43rd round (1987-88), 50th round (1993-94) and 55th round (1999-2000) into their nutritional equivalents, this paper presents new evidence of the extent of undernourishment in terms of...

This paper studies the evolution of the competitive structure of the two-wheeler industry in India. The evolution of the industry's competitive structure is traced using Kendall’s Index of Rank Concordance and the Evans-Karras test of convergence. The industry seems to be characterized by...

The paper highlights the challenges for international taxation due to digitized trade. Digitization makes it easy to penetrate foreign markets without the need for physical presence in the buyer’s country. This phenomenon has generated debates on the salience of source versus residence-based...

Escalation of political conflict in many developing countries and their impact on economic development has been a topical issue in recent development literature. The overwhelming emphasis on ‘ethnic conflicts’ in this literature has, however, precluded looking at political conflict in the...

In vertical markets volatility at one level of the market may transmit itself to another level. This paper examines the linkages that exist between spreads at different levels of the market hierarchy in Indian rice markets. It highlights the behavior of spreads in the presence of information...