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India Policy Forum 2015–16

India Policy Forum 2015–16
Volume 12

First Edition
Edited by:
  • Shekhar Shah - Director General, National Council of Applied Economic Research (NCAER), New Delhi, India
  • Subir Gokarn - Executive Director, International Monetary Fund, Washington
  • Karthik Muralidharan - Associate Professor of Economics, Department of Economics, University of California, San Diego

August 2016 | 260 pages | SAGE Publications Pvt. Ltd

The India Policy Forum (IPF) is organized by the National Council of Applied Economic Research (NCAER) in New Delhi. It aims to examine India’s economic reforms and its economic transition using policy-relevant empirical research. The IPF comprises an annual international conference in July in New Delhi and the IPF Volume that brings together the conference papers. These papers undergo detailed revisions after the conference based on discussants’ comments at the IPF and the guidance provided by the editors. 

This book comprises papers and highlights of the discussions from the Twelfth India Policy Forum Conference held on 14–15 July 2015. In particular, this volume of IPF focuses on inflation that has emerged as a leading concern in India. By early 2015 the inflation rate had fallen to 5.2 percent, leading to questions both about how to explain movements in India’s inflation, and whether this more recent moderation under the Reserve Bank of India (RBI) led by Raghuram Rajan was likely to endure.


Laurence Ball, Anusha Chari, and Prachi Mishra
Understanding Inflation in India
Pami Dua and Kenneth Kletzer
General Discussion
M Govinda Rao
Tyranny of the Status Quo: The Challenges of Reforming the Indian Tax System
Ashok Lahiri and Mihir Desai
General Discussion
Kaushik Deb and Paul Appleby
India’s Primary Energy Evolution: Past Trends and Future Prospects
Navroz K. Dubash and Anupam Khanna
General Discussion
Ila Patnaik, Ajay Shah, and Nirvikar Singh
Foreign Currency Borrowing by Indian Firms: Toward a New Policy Framework
Rajnish Mehra and Tarun Ramadorai
General Discussion
Karthik Muralidharan
A New Approach to Public Sector Hiring in India for Improved Service Delivery
Devesh Kapur, T. V. Somanathan, and Manish Sabharwal
General Discussion

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ISBN: 9789386062086