The Anatomy of Public Debt Reductions in India
Prachi Mishra & Nikhil Patel
August 1, 2022
In the latest issue of India in Transition, Prachi Mishra & Nikhil Patel (International Monetary Fund, Washington DC), outline the costs, risks, and potential solutions to India's high debt in the wake of an unprecedented surge in sovereign debt on the back of the pandemic.
This article is the first in a series of guest-edited IiT short series. The articles in this series seek to understand India's economic future and its prospects for structural transformation. This article takes stock of the health of India's sovereign debt and gives an overview of the consequences and possibilities in the immediate future. The next three articles will focus on three major national endowments that have been neglected in the course of our development trajectory. The second article will focus on labor force participation of women, the third on water, and the fourth on land. The ability of the sovereign to spend on nation building, along with how we use our endowments, will be key in determining our future.
(Guest Editor: Shoumitro Chatterjee, Assistant Professor of International Economics, SAIS, JHU)
CASI Welcomes New Postdoctoral Research Fellows
Amrita A. Kurian is an anthropologist by training. Her work investigates the role of intermediaries in commercial agriculture in India. Using historical and ethnographic lenses, she studies how key intermediaries and their practices have shaped the contours of agrarian social relations and geographies in postcolonial India.
Sarath Pillai's research interests lie in Modern South Asian history, global, legal, intellectual history, and postcolonial studies. His Ph.D. dissertation, Federal Futures: Imagining Federation, Constitution, and World in Late Colonial India, studies the rise of federalist ideas in interwar India and their growing influence among various groups—nationalists, princes, liberals, and minorities—in the late 1920s through the 1940s.
Shikhar Singh's research focuses on the political economy of development, with a regional specialization in South Asia. His dissertation explains why clientelism and identities continue to matter in the distributive politics of multiethnic developing democracies and the consequences of this for democratic accountability, representation, and policymaking.
CASI Student Programs
CASI students are wrapping up their internships in India—read all about how they've spent their summers on the CASI Student Programs Blog!
Questions about CASI Student Programs?
Please contact Laura Iwanyk, Assistant Director, CASI Student Programs and Outreach, liwanyk@upenn.edu
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