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Oct
27
2022
3:30—5:00 PM Eastern Time (US and Canada)
October 21, 2022
There are signs that India’s growth boom has stalled, and the pace of monetary poverty reduction decelerated. The Modi government has responded with what Arvind Subramanian has called "the new welfarism," involving massive public spending on essentially private goods and services like bank accounts,...
WORKING PAPERS
May 14, 2020
The IMF’s forecasts of GDP growth in 2020 suggest a substantially muted impact of the COVID crisis for developing countries compared to advanced economies. We hope that the relative optimism will not induce complacency and elicit a less-than-forceful response by countries themselves nor legitim...
Multimedia
April 20, 2017
The Indian Ministry of Finance’s 2017 Economic Survey considers—though does not commit to—the idea of a large-scale experiment in UBI, or universal basic income. How would it work? What effects would it have? Arvind Subramanian—lead author of the Survey, chief econo...
Blog Post
April 20, 2017
The Indian Ministry of Finance’s 2017 Economic Survey considers—though does not commit to—the idea of a large-scale experiment in UBI, or universal basic income. How would it work? What effects would it have? Arvind Subramanian—lead author of the Survey, chief econo...
Apr
18
2017
9:30—11:00 AM
April 06, 2017
According to The Economist, India's proposal to give every citizen a cash transfer using the digital platform Aadhar could reduce absolute poverty from 22 percent to 0.5 percent. For a country that is home to a third of the world's poor, could Universal Basic Income (UBI) fundamentally chang...
WORKING PAPERS
September 29, 2016
This paper suggests a reinterpretation of global growth—encompassing notions of unconditional convergence and the middle income trap—in the past 50 years through the lens of growth theory. The last 20-30 years have been a golden era of convergence, challenging the new conventional w...
WORKING PAPERS
June 10, 2015
Manufacturing has historically offered the fastest path out of poverty, but there is mounting evidence that this path may be all but closed to developing countries today. Some have suggested that services might provide a new path forward, while others have expressed skepticism about this claim and c...