Publications : All
Topic
A Monetary and Economic Order Fit for the Twenty-First Century
If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and financial architecture that was created eight decades ago must be radically reformed. Eight priorities stand out.Fiscal Transfers from the Union to States and Healthcare in India
Janak Raj, Rahul Ranjan, Vrinda Gupta and Aakanksha Shrawan assess the role of fiscal transfers from the Union government compared to States’ own revenue in explaining their healthcare spending.Mobilising Climate Finance: Imperative of Carbon Pricing
Carbon pricing can be an effective tool not only for raising resources over the medium term for mitigation and adaptation, but also for decarbonising the Indian economy in a relatively more predictable manner.Federal Financing of Health: Implications for Health System Capacity and...
This paper explores the evolving nature of federal financing for health, including the increase in union transfers through Centrally Sponsored Schemes (CSSs) and its implications for state-level health prioritisation and capacities.Getting India’s Growth Priority Right
Janak Raj underscores India's imperative to prioritise human development hand in hand with economic growth.Developing World Must Raise Own Climate Finance
Developed countries and MDBs can raise just a third of the requirement. Carbon pricing and ETS will have to play a bigger role.Beyond PLI Targets
A comprehensive strategy is needed to propel India’s manufacturing capabilities.Consumption Trends and Monetary Policy
The falling share of food in households’ spending will help, given food inflation also drives inflation expectations.Interlinkages Between Economic Growth and Human Development in India: A...
This study explores the relationship between economic growth and non-income components (health and education) of the Human Development Index (HDI) for 26 Indian states during the period from 1990 to 2019.Interlinkages Between Economic Growth and Human Development in India: A...
India must significantly increase its public spending on health and education, and ensure its effective targeting. This would reduce people’s out-of-pocket expenses, allowing them to allocate funds to their other crucial needs and strengthen the interlinkages between human development and economic growth.New Creditors, Differing Interests and Coordination Issues are Hobbling...
An IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between 2010 and 2022, interest payments on both domestic and external debt of developing countries increased by 64%, and of African countries by 132%.Need a More Effective Role: Re-Channelise these through MDBs, and Rethink...
There is a need to tap into the potential of Special Drawing Right (SDR), especially at a time when the global community is struggling to mobilise finances for sustainable development and climate change.How to Reverse the Longest Downturn in Corporate Capex
Corporate investment, which plays a critical role in driving economic growth, has been in a slump in India for more than a decade. This op-ed analyses the behaviour of corporate savings and investment since 2007-08.Out-of-pocket Health Expenditure in India: Inter-state Variations
In this op-ed, Janak Raj and Harshini Kumari explain the large inter-state variations in out-of-pocket expenditure (OOPE) on health in India.Interview | Share Bazaar RBI Policy के बाद गिरा!
Janak Raj on RBI Monetary PolicyEconomic Growth and Human Development in India: Are States Converging?
This Working Paper examines the key aspects of the relationship between economic growth (EG) and human development (HD) at the all-India and the state-levels.Universal Health Coverage – The Goal’s Nowhere in Sight
With the National Health Accounts suggesting poor expenditure on health, it is hard to assess when and how the Universal Health Coverage goal will be achieved, writes Janak RajAddressing gender inequlalities: India needs bold steps
India will prioritise inclusive growth and development along with women empowerment as it assumes the presidency of G20 this year. This is a desirable objective.