The fragility of livelihoods and hence the vulnerability of consumption growth due to aggregate shocks in the Indian rural sector have been highlighted recently. However, as yet there exist no estimates of the vulnerability of consumption growth in rural India. This paper attempts to fill this...

We test for the existence of a Poverty Nutrition Trap (PNT) in the case of calories and four important micronutrients — carotene, iron, riboflavin, and thiamine- for three categories of wages: sowing, harvesting, and other for male and female workers separately. We use household level national...

This paper tests for the existence of a Poverty Nutrition Trap (PNT) in the case of the nutrient most likely to have productivity impacts, i.e., calories, for three categories of wages – sowing, harvesting, and other – and for male and female workers separately. We use household level...

One of the principal elements of the economic reforms program initiated in 1991 was to reduce the fiscal deficit of the central government which, at that time, faced a solvency crisis. This reduction was at least partially achieved by reducing transfers to state governments. As a result, state...

This paper provides an update on the recent performance of the Indian economy. It reviews India's growth performance, and the supporting performance of savings and investment, productivity and international trade. It highlights the performance of a dynamic sector (automobiles) and a laggard...

The political economy of India’s economic growth is an issue of abiding interest. Higher and sustained economic growth has, all over the world, been the surest and most time tested means of raising living standards and reducing poverty. Further, given that it is a functioning democracy,...

Inflation targeting (henceforth IT) has emerged as a significant monetary policy framework in both developed and transition economies. It has been in place for a decade or more in a number of countries - with around 20 central banks adopting it as their basic monetary policy framework. Some...

This paper analyses the effects of access to Rural Public Works (RPW) and Public Distribution System (PDS), a public food subsidy programme, on consumption poverty, vulnerability and undernutrition in India drawing upon the large household data sets constructed by National Sample Survey (NSS)...

Using pooled household level data for the Indian states of Rajasthan and Andhra Pradesh we find that the size of landholdings is a negative predictor of participation in the National Rural Employment Guarantee Program (NREGP). In state level analysis this pattern survives in Rajasthan but...

Economists have long recognized that a household's sense of well-being depends not just on its average income or expenditures, but also on the risks it faces. Hence vulnerability is a more satisfactory measure of welfare than poverty. In this paper we measure the extent of vulnerability as...