Using the Pareto distribution, this paper estimates the size distribution of metropolitan areas in India from 1981 through 2025. Empirical results offer evidence for dispersion of metropolitan population size, notwithstanding the growing concentration of urban population in metropolitan areas as...

This paper examines the causalities in mean and variance between stock returns and foreign institutional investment (FII) in India. The analysis in this paper applies the cross-correlation function approach from Cheung and Ng (1996), and uses daily data from January 1999 to March 2008 divided...

This paper examines the nature and extent of household indebtedness in West Bengal, focusing on households’ access to credit and factors influencing interest rate determination in informal credit markets. As far as accessibility is concerned, it finds that the urban poor face greater...

A transfer function for private household transfers in rural India is estimated from the National Council of Applied Economic Research's (NCAER's) ARIS-REDS survey for 1998–99. It is found that till a threshold, income (close to the rural poverty line) transfers are altruistically...

This paper explores structural shifts in the current account of India's balance of payments alongside the micro foundations from 1950 to 2008. Key structural features that emerge are the disappearance of twin deficits and the reversal of a unidirectional causality in the post-reform period from...

It was envisaged in the Science Policy Resolution (SPR), which Nehru got the Parliament to approve in 1958, that the country would participate fully in the march of science. However, as we celebrate the golden jubilee of the pioneering SPR, it is discomforting to note that just as there are...

The Indian housing finance market (HFM) has failed to promote housing development across the country. In its desire to stabilise itself mainly in the major urban areas, the HFM has largely neglected issues of the housing sector in rural and less–developed regions. Further, the financial...

This paper examines foreign direct investment (FDI) in developing Asia over the past three decades with emphasis on two key issues: the implications of the ongoing process of international production fragmentation and the alleged ‘crowding out’ effect of China’s rise as a...

Sovereign rating—an assessment of the relative likelihood of a country defaulting on its financial obligations—is important not only because better ratings facilitate external borrowing at favourable rates of interest, but also for the impetus it gives to the development of...

Foreign direct investment (FDI) has benefits both for the host country and the home country. Multinational corporations or foreign firms are supposed to have frontier technology, which are expected to have spillover effects on local firms when they enter a country. Most studies on Indian...