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Articles by Nilanjan BanikSubscribe to Nilanjan Banik

The ‘What,’ ‘Why,’ and ‘How’ of a Widening Current Account Deficit

Vol. 58, Issue No. 3, 21 Jan, 2023
Nilanjan Banik, S Ramakrishna Velamuri

The reason for the increase in the current account deficit during first quarter of fiscal year 2022–23 is analysed. One reason for the widening of CAD has to do with India’s growing dependence on fossil fuels. There is also an element of lack of price competitiveness that is hurting exports. India is exporting low-valued technology-intensive goods whereas importing high-valued technology-advanced goods. The Government of India and the Reserve Bank of India are taking adequate measures to control the widening trade deficit. While some of these measures are yielding results in reducing CAD, external factors such as geopolitical tensions and the United States Federal Reserve System’s move of quantitative tightening are making CAD difficult to control.

COVID-19 and IPR Waiver

Vol. 56, Issue No. 35, 28 Aug, 2021
Nilanjan Banik, Debashis Chakraborty

The Government of India is seeking an intellectual property rights waiver under Sections 1 (copyright and related rights), 4 (industrial designs), 5 (patents), and 7 (protection of undisclosed information) of the Agreement on Trade-Related Aspects of Intellectual Property Rights. Seeking an IPR waiver is based on the presumption that it will allow more firms to manufacture vaccines and medicines, thereby enhancing their availability at a cheaper price. However, IPR waivers for COVID-19 vaccines and medicines are unlikely to make any difference. A more effective approach is to use compulsory licences, and reduce tariffs and non-tariff measures.

 

Are Loan Waivers a Panacea for Rural Distress?

Vol. 53, Issue No. 47, 01 Dec, 2018
Nilanjan Banik

Small and marginal farmers are not the real beneficiaries of loan waivers. In the year following loan waivers, small farmers lose out on three counts: lower access to formal loans, falling agricultural revenue because of higher informal loan costs, and falling agricultural productivity. Instead, supply-side interventions could make a real difference in farmers’ lives as a long-term alternative to loan waivers.

How Promising Is BIMSTEC?

Vol. 41, Issue No. 51, 23 Dec, 2006
Nilanjan Banik

In this article we attempt to determine to what extent the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation economies are ready to form a free trade area. The present analysis suggests that the BIMSTEC region has many characteristics that would be desirable for an FTA. We base our analysis on a few criteria such as price, income, geographical characteristics and trade. In general, we find there are favourable indications for the BIMSTEC economies to enter into a successful regional trade agreement. Forming an FTA would be expected to create relative advantage for the member countries.

An Analysis of India's Exports during the 1990s

Vol. 36, Issue No. 44, 03 Nov, 2001
Nilanjan Banik

This paper has two broad objectives: First, identify a set of factors that appear to be responsible for a significant decline in India's export growth during the post-reform era, and second, an examination of the possible impediments for high export growth in a sustained manner. The decline in Indian exports during 1996-97 was due mainly to a fall in the growth rate of export volumes. This analysis brings out the nature of demand-side factors, as against supply-side bottlenecks, that have constricted the growth of exports. However, easing of supplyside constraints too would have aided the revival of export growth.

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