And poverty at the next threshold up ($3.20/day) is also plummeting. This is really good.

Given the considerable interest in job creation in India, here are some stats from ongoing work: Total Employed Workers in India (NSS/PLFS/Labour Bureau Data) by Usual Status (Age>=15) 1999: 403 Million 2004: 470 Million 2011: 484 Million 2014: 497 Million 2022: 582 Million 27

Important read today. India’s Economic Growth Has Been Manufacturing-led, Not Services-led epw.in/journal/2024/2…

Cash transfers to 130M+ women in India, now at 0.6% of GDP - its impact in Karthik Muralidharan 's words based on his latest paper: "a) Positive impacts on food intake, nutrition, and gender equity b) Meaningful gains in child functional development c) Limited average anthropometric

Significant reading this… 'GST reform is pointless if it doesn’t simplify tax slabs. 40% rate is counterproductive' Karan Bhasin Karan Bhasin, New York-based economist, writes #ThePrintOpinion theprint.in/opinion/gst-re…

GST reform is pointless if it doesn’t simplify tax slabs. 40% rate is counterproductive A lesser-known reality of the GST is that it has a total of eight tax slabs, excluding the exemptions. These start at 0.25 and go all the way up to 28 per cent. By Karan Bhasin

Food for thought! "How Do Supply Shocks to Inflation Generalize? Evidence From the Pandemic Era in Europe" by Viral V. Acharya, Matteo Crosignani, Tim Eisert, and Christian Eufinger. "We document how the interaction of supply chain pressures, elevated household inflation

Former RBI Governor Dr. Urjit Patel to be India's key man at the IMF. Announcement:

Ministry of Statistics and Programme Implementation (MoSPI) ensures that statistical data released in India is comprehensive, credible, and of the highest quality. Data is drawn from diverse sources—administrative records, censuses, and surveys conducted by Central and State

India just announced changes to its indirect taxation regime. The current tax cut continues a broad trend of reducing taxes on profits, income, and now consumption! Read more in today's Business Standard ! business-standard.com/opinion/column…

#Opinion | Karan Bhasin writes that #India’s latest #GST changes deliver a 5.4% tax cut for the median consumer, with the steepest cuts on everyday consumption items, leaving more disposable income ahead of the #festiveseason. #GSTReforms mybs.in/2eq2Dnt

It was so much fun to talk with NPR Planet Money about my research on political pressure on central banks! Great interviews from Carolina Garriga and Lev Menand too. npr.org/2025/09/05/nx-…

A U.S.-India #trade deal today will help end uncertainty, allowing firms from both countries to make significant investments in reorienting #supplychains, writes Karan Bhasin. Read more ⬇️ bit.ly/4jxOfxR

Excited to announce a Call for Papers in Economic Inquiry in honor of Louis Putterman. We welcome contributions in a) Experimental Economics and b) Long Run Growth. I am honored to be coediting the growth section w/ Ola Olsson Ömer Özak. Due Aug 31, 2026. #econtwitter

Oh I’ve got so much to say!