A public lecture on "The Surprise that is the Indian Economy" on 24 February 2017 (Friday), at 3:30 PM in RJM Auditorium, Heritage Campus, IIM Ahmedabad by Dr. Arvind Subramanian, Chief Economic Advisor to Government of India
- Dr. Arvind Subramanian, Chief Economic Advisor to Government of India
Subsidies on technologies that reduce environmental externalities are popular with policy makers in developing countries. However, given "investment inefficiencies" and the multiple other factors potentially inhibiting take-up in developing countries, it is not clear whether subsidies succeed in increasing adoption, especially among the poor. We conduct an analysis of India's subsidy program for drip irrigation, intended to reduce pressure on rapidly depleting water resources by millions of small-scale well-owning farmers. Using spatially detailed data on hundreds of thousands of adopters in the state of Gujarat, we find that increases in the subsidy rates substantially increase take-up, but do not seem to expand adoption to farmers with smaller land holdings.
- Prof. Ram Fishman, Assistant Professor of Public Policy, Tel Aviv University
The typical narrative of development conflict is of a rapacious industry that is unwilling to share the gains of development with people affected by projects and, instead, prone to paying off politicians, bureaucrats and police officers to get achieve 'compliance' with the law of the land on land acquisition and environment.
- Prof. Rohit Prasad, MDI Gurgaon