Devesh Kapur & I are pleased that, after 4-5 years of researching & writing & decades of reflection, our book on 75 years of Indian development (A SIXTH OF HUMANITY) will be out in October.

Announcement here: harpercollins.co.in/blog/announc...

Pre-order here: www.amazon.in/dp/936989109...

A slightly revised version of our MIDS paper on multiplants is now published in the Journal of Development Economics: sciencedirect.com/science/articl…

Delighted that my 2 co-authors Abhishek Anand & Naveen Thomas have been rewarded for “identifying” this important phenomenon

Abhishek Anand, Josh Felman & I in the Business Standard
on risks of disruptive adjustment from RBI's de facto rupee peg (business-standard.com/economy/anal...)

Risks arise from markets perceiving that costs of defending the peg-via spot & forward intervention-may have become unsustainably high

Why the new RBI should abandon the current rupee policy

In today’s BusinessStandard, Abhishek Anand, Josh Felman & I show that recent spot & *forward* intervention to support rupee:
-has been massive &
-tightened liquidity when growth was slowing

Targeting rupee has made monetary policy worse

As we celebrate Gukesh’s incredible win to become world champion it is time to mark the occasion with a Bharat Ratna for Vishy Anand the 5-time world champion, & the inspiration & mentor for the Indian chess revolution. In a truly global sport Indians are at the pinnacle

My Project Syndicate piece on why and how India should engage President Trump on trade issues is in the @bsindia today

Link here: business-standard.com/opinion/column…

Ungated version attached

My latest Project Syndicate piece on how India should respond to Trump’s likely trade policy toward India with a view to securing the China-plus-one opportunity: www.project-syndicate.org/commentary/h...

Looking forward to this discussion on the future of the GST at CPR on Friday Nov. 29 at 11 am.

Looking forward to this tomorrow

In light of the RBI once again depleting reserves substantially, re-upping the piece by Josh Felman and me on the costly change in the exchange rate regime

Today at 2 PM Esther Duflo's lecture is on Climate Change and Indian Exceptionalism with me as discussant.

Youtube link: www.youtube.com/live/vlXa3_B...

Looking forward to presenting paper by Abhishek Anand, Naveen Thomas and me on the multi-plant phenomenon @ CSEP in Delhi on Nov. 28 with Montek Ahluwalia as discussant. Details below.
Paper here: www.mids.ac.in/assets/doc/W...

Looking forward to presenting paper by Abhishek Anand, Naveen Thomas and me on the multi-plant phenomenon @ CSEP in Delhi on Nov. 28 with Montek Ahluwalia as discussant. Details below.
Paper here: www.mids.ac.in/assets/doc/W...