Indian Union Budget 2021-22: The FM, in her Budget speech, announced several measures for the insurance sector, which are likely to ease the problems the sector faces: dearth of capital, depressed insurance penetration and density rates, and dominance of public sector insurers. The insurance sector has traversed through many phases, starting with nationalisation. Life insurance […]
The Union Budget of 2021-2022 has introduced many schemes. In this blog, I examine these policies in terms of horizontal, vertical, or GVC oriented. GVC oriented policies are those “industrial policies that leverage international supply chain linkages or dynamics to improve a country’s role in global or regional value chains” (Gereffi and Sturgeon, 2013). Gereffi […]
The Regional Comprehensive Economic Partnership (RCEP), a historic trade agreement accounting for nearly 30% of global GDP, was signed on 15 November 2020 by fifteen Asia-Pacific countries, including China, Japan, South Korea, Australia and New Zealand. With the potential to impact lives of one third of the global population, RCEP is being heralded as the […]
Policy makers seeking inclusive growth frequently face the developer’s dilemma between prioritizing structural transformation, which is potentially inequitable, and keeping a check on rising economic inequality. How this dilemma is resolved by different countries and what factors influence the choices made, are important research questions. In a new working paper, we analyse the Indian developmental […]