In the News: Devashish Mitra

"The solution to our jobs problem is not trade protection but social protection and subsidised higher education," writes Devashish Mitra, professor of economics.

The best case scenario for the long-term effects of demonetisation, therefore, is that there is no effect at all," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.

A research paper by Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, found that “temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry.”

According to Devashish Mitra, professor of economics & Gerald B. and Daphna Cramer Professor of Global Affairs, "to fully employ the growing labour force gainfully and productively, India will probably have to create tens of millions of modern-sector jobs over the next few years."

"In terms of effectiveness, the move undoubtedly prevents further circulation of existing counterfeit currency in the two demonetised denominations (Rs 500 and Rs 1,000)," writes Devashish Mitra, professor of economics, and his co-author.