For Richer, Not Poorer: Energy Subsidies in India

2017-04-15T13:35:17-04:00June 24, 2013|

By David Coady and Thomas Richardson

Many countries seek to protect poorer households by subsidizing the consumption of fuel products. However, recent IMF research shows that fuel subsidies are both inefficient and inequitable, including in India.

But what about India? Are fuel subsidies also anti-poor? Sadly, yes. A new IMF working paper  shows that India’s fuel subsidies are both fiscally costly and socially regressive.

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India’s Economy: Stamina Is The Name Of The Game

2017-04-15T13:56:52-04:00February 21, 2013|

Is India’s growth about to go back to 8-9 percent? The short answer is no. But we need to look back to understand why India’s growth has decelerated to a decade low and why the slump, which has hit investment particularly hard, has persisted for over a year. As structural problems are at the root of the slowdown, so structural reforms must be at the core of the solution.
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