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Showing posts from February, 2015

CAB Conference 2015 - Translating Research into Policy and Action

IFMR LEAD, at Institute for Financial Management and Research, and College of Agricultural Banking-RBI successfully organized their 6th international conference on financial inclusion and livelihood finance, titled “Translating Research into Policy and Action,” held at the College of Agricultural Banking campus in Pune, Maharastra, on January 16th and 17th, 2015. The conference was well received among practitioners, representing a wide range of sectors from banking industry, microfinance, government departments, and academia.

Shri H R Khan, Deputy Governor, Reserve Bank of India addressed the conference at the inaugural session. Mr. Khan discussed the importance of evidence based decision making where both policy and practice can inform high quality research and vice versa. At the valedictory session, Shri S S Mundra, Deputy Governor, Reserve Bank of India also voiced the need of bridging the gap between policymaking and research. He opined the need to increase our understanding of the…

Big and small ideas in development economics: Theory, evidence and practice

Karthik Muralidharan, Associate Professor of Economics, University of California, San Diego speaks with Kaushik Basu, Chief Economist and Senior Vice President, World Bank and former Chief Economic Adviser, Government of India, on the World Bank’s global development agenda; inequality and the design of anti-poverty policies; contribution of recent academic research to development policy; research evidence, political economy and policymaking; State capacity for implementation; and law and economics.

Introduction and the global development agenda of the World Bank

Karthik Muralidharan (KM):It is my pleasure to welcome Kaushik Basu to the ‘Ideas for India Conversation Series’. This is the second of these and we hope to use this platform to have deep, engaged discussions. In a world of sound bite journalism and ‘gotcha’, big-fight TV studio dynamics, there is really a missing market for deep, engaged discussion of ideas. I am particularly delighted to have Prof. Basu here given his academic…

Giorgia Barboni on her Research Experience in India

Giorgia Barboni is a Principle Investigator on a few IFMR LEAD projects. She was recently in India conducting research work. We took this opportunity to ask her about her research experiences in India and more.

According to you, what research areas should India currently be focusing on to achieve inclusive and sustainable growth?

I believe that promoting entrepreneurship and business innovation, particularly by facilitating firms’ access to credit, is an essential feature to enhance economic growth. Financial inclusion and, more in general, the determinants of MSMEs’ growth, represent two research areas where India has already been devoting a large, significant effort, starting from early works related to the “microfinance revolution”. Yet, not all research questions have been entirely addressed. For instance, further evidence is needed to understand how to foster Indian MSMEs’ productivity beyond subsistence level by relaxing credit constraints.

Some important lessons can already be dra…

Demand and Adoption of Innovation- Mobile based services

“Innovation is the central issue in economic prosperity"-Michael Porter
Any study that evaluates a service/product innovation having a completely new or  modified design, not only assesses the effect of adoption by the community but also studies the process of adoption. By tracking of non-adoption, and limitations in the take up of the service, it identifies the challenges and reasons for its failure.  This, in turn, leads to further innovation.

The use of mobile phones in poverty reduction and development has been an area of focus for government agencies, researchers, non-governmental organizations etc. A finding in 2005 by Leonard Waverman, of the London Business School states  that an extra 10 mobile phones per 100 people in a typical developing country leads to an additional 0.59 percentage points of growth in GDP per person. It is the ubiquity of mobile phones that has enabled effective dissemination of information across sectors, such as agriculture and allied, finance and ba…