The performance of Indian States are analyzed across three critical sectors – health, education and infrastructure are analyzed. An index is constructed for each using the Principal Component Analysis technique. This technique assigns weights according to the relationship between the...

The revival of interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. We consider the case for NGDP targeting for mid-sized developing countries, in light of their susceptibility to supply shocks and terms of trade shocks. For India, in particular, one...