Ila Patnaik

Ila Patnaik is a consulting editor for 'The Indian Express'. Currently she is RBI Chair Professor, National Institute of Public Finance and Policy (NIPFP) and non-resident senior associate at Carnegie Endowment for International Peace. In 2006, Ila Patnaik joined the NIPFP as Professor. Her research includes issues related to capital flows, business cycles, the financial sector and the study of Indian firms as India opens up its capital account. Before joining NIPFP, Ila Patnaik served as Senior Economist, National Council of Applied Economic Research (NCAER), New Delhi between 1996-2002, and as Senior Fellow, Indian Council for Research in International Economic Relations (ICRIER) between 2002-2004. Ila Patnaik was a visiting scholar at the IMF between January 2003, in October 2010 and in February 2013.  In September 2013, Ila joined Carnegie Endowment for International Peace, a think tank in Washington DC as a non-resident fellow. She has several publications in refereed journals and volumes. Ila Patnaik earned a Ph.D. in Economics from the University of Surrey, Guildford, UK in 1996. She has served on a number of committees on financial policy and regulation including the Ministry of Finance, Working Group on Foreign Investment, 2009-10, the Ministry of Finance, Internal Working Group on Internal Debt Management, 2008 and the RBI Working Group on Economic Indicators, 2001-2002.

The 6.5% warning
Thu, Jan 11, 2018

Almost all steps in the strategy to revive investment are likely to be slow and painful. There are no shortcuts

Extend and pretend
Tue, Oct 31, 2017

Banks can play that game no more. But recapitalisation is not the reform that is needed to prevent a recurrence

Maximum pain
Fri, Sep 01, 2017

Objectives of demonetisation could have been served better by doing a cost benefit analysis

Not with a bang
Thu, Feb 02, 2017

FM springs no surprises. Nor responds adequately to slowdown in private investment.

Reserved Bank of India
Sat, Jan 14, 2017

Demonetisation showed India’s central bank is too opaque. Its decision-making must be open to scrutiny

Crossing the chasm
Fri, Dec 09, 2016

In government’s push for a cashless economy, policy and regulation must focus on competition, innovation.

Show me the money
Fri, Nov 11, 2016

Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature.

Unprepared for bad days
Mon, Oct 17, 2016

India lacks the institutional mechanisms to deal with the death of firms and the failure of banks.

A note for Dr Patel
Fri, Sep 09, 2016

New RBI governor must build on Rajan’s legacy of commitment to inflation targeting — and communicate it too

Dengue should be prevented and not merely tackled when the epidemic sets in
Sat, Jul 30, 2016

As hoardings across Delhi indicate, we are waiting for a dengue outbreak.

The fall guy
Sat, May 28, 2016

Successful inflation targeting calls for more reform. Targeting Governor Raghuram Rajan is all too easy .

Sort out the tax maze
Sat, Apr 09, 2016

India needs to rationalise capital controls, simplify its tax regime to mitigate illegitimate cross-border flows.

Budget 2016 La-la land budget
Wed, Mar 02, 2016

Official GDP data is embedded in its vision and strategy. But the numbers seem wrong.

Let the rupee slide
Wed, Feb 03, 2016

The economy is best served by lowering interest rates and blocking protectionism.

Reduction in interest burden could possibly prevent more companies heading towards bankruptcy
Mon, Jan 18, 2016

The ‘tight fiscal, easy monetary’ policy mix can better address problems that plague private investment.

Constricted by law
Thu, Jan 09, 2014

APMC acts impair the freedoms of farmers and consumers.

Cereal offenders
Thu, Jan 09, 2014

Food inflation owes largely to agricultural markets being regulated by outdated laws.

What 2014 won’t change
Tue, Nov 26, 2013

There are no more stroke-of-the-pen economic reforms,no shortcuts.

Trial by taper
Wed, Nov 13, 2013

We need to prepare for the end of QE. Keeping inflation low is our best bet.

Respite as opportunity
Thu, Oct 24, 2013

Before the next wave of volatility,emerging markets must set their house in order.

Forming new bonds
Wed, Oct 16, 2013

India must lift restrictions on foreign investment in rupee denominated debt

A focus for the RBI
Tue, Sep 24, 2013

It needs a well-defined objective and policy instrument.

Some RBI dos and don’ts
Wed, Sep 18, 2013

It should slash interest rates,stop worrying about inflation or the rupee.

Fighting the taper
Tue, Sep 03, 2013

Volatility is inevitable. India should prepare its response to the winding up of QE

The needless battle
Mon, Aug 19, 2013

Rupee defence strategy has deepened the gathering gloom on the India growth story.

Whose monetary policy?
Mon, Aug 05, 2013

It should be left to an independent central bank with a clear brief and instruments

Losing currency
Wed, Jul 10, 2013

To shore up rupee,policy must boost domestic productivity,assure foreign investors

Modi’s food security test
Fri, Jun 14, 2013

Is the BJP ready for a new economic philosophy? Can Modi give it?

Can’t bank on it
Tue, Jun 04, 2013

The RBI board makes no attempt to review its regulatory failures

Some chit chat
Wed, May 08, 2013

To protect investors,make the formal financial system more accessible and attractive

China’s rebalancing act
Tue, Apr 30, 2013

Its tilt to consumption-led growth is good news for India and the global economy

Selling it right
Thu, Apr 11, 2013

Consumer protection should be at the heart of the financial regulatory framework

Caps unlock
Wed, Mar 20, 2013

The system of capital controls must be re-examined and rationalised

Budget has two faces
Tue, Mar 05, 2013

How a Congress-friendly budget also addresses the markets

In the shadow of the deficit
Tue, Feb 26, 2013

Finance minister must strike a balance between poll pressures and imperatives of reform

One head is better than many
Tue, Oct 16, 2012

A single financial regulator,rather than sectoral ones,is what India needs