Articles by Pravakar Sahoo

Most of the investment slowdown debates have been around aggregate investment but disaggregate investment institution- and assets-wise may respond heterogeneously with respect to the macroprudential policy measures. The present study explores the investment dynamics at disaggregate level for 2004–19 in the wake of changing economic environment characterised by active utilisation of monetary and fiscal policies, varying monetary transmission effect, economic uncertainty, business environment, and financial pressures either by credit shortfall or debt overhang.

Barid Baran Bhattacharya, BB to his colleagues and friends, passed away on 14 February 2017. His sad and untimely demise has been painful to those of us who had worked closely with him over the years.

The special economic zones initiative has not been able to take off in India due to a host of factors. The defi ned objectives of promoting investment, exports, forex and overall growth led by higher production of goods and services have failed to materialise. The November 2014 Comptroller and Auditor General report on these zones fi nds that they have cost the exchequer valuable revenue. It is time for the central government to review the SEZ policy framework.

This paper attempts to evaluate the implications of China's accession to the WTO in terms of its impact on the country's exports, imports and foreign investment inflows, and also discusses the likely effect of these developments for the Indian economy. The paper argues that in case of China, the changes consequent to accession to WTO will see an increase in economic activity, leading to a higher GDP growth rate. For India, the Chinese challenge can be met only if we strengthen the competitiveness of our economy further by undertaking additional reforms and improving infrastructure.