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Fellow @TERI. Interested in environment, politics, and economics. Give me a good book and I am happy.

484 Following   1,025 Followers   1,779 Tweets

Joined Twitter 4/1/11


14/n The services-driven model of growth has large problems with inclusiveness, unless improved skilling and urbani… https://t.co/nHqJQgyCgp13/n To conclude: India's growth is increasingly going to sectors that employ a fraction of the work force. India… https://t.co/nWV82JXA2y12/n Over the past six years from 2010-16, sectors employing 9% of the workforce, namely high productivity services… https://t.co/qKO5I9AboH11/n The inclusiveness index collapsed in the years 2010-16. Why? The growth share of construction, low productivi… https://t.co/wYPHX5Y8ON10/n This reduced the drag of the agriculture sector on the total inclusiveness index. It also reminds us: making… https://t.co/fYSzbSrnYy9/n These high employment multiplier sectors include low productivity services, construction, and low productivity… https://t.co/rcoqOqx3288/n The decade 2000-10 was a 'golden age' in terms of the inclusiveness index. High productivity services accounted… https://t.co/16yWRd4qsH7/n In the same decade, manufacturing accounted for 12 percentage points of GDP growth, while employing 13% of the… https://t.co/YgplzS8olv6/n After reforms, from 1990 to 2000, the inclusiveness index actually fell to 1.2. 12 pp of growth occurred in h… https://t.co/cQlEGVMydd5/n The period 1980 to 1990 had an inclusiveness index of 1.4. 15 pp of the 66 pp in total GDP growth occurred in… https://t.co/ENpwUM8bmm4/n The inclusiveness index can be dragged down if little growth occurs in sectors that are large employers (like a… https://t.co/jY3W4X0aWH3/n Below the bar, I've put each sector's share in total employment. I've computed an 'inclusiveness' index which… https://t.co/tzMvxDLbTV2/n The graph below shows the sectoral percentage point contribution to total GVA from 1980 to 1990 (y axis). The… https://t.co/eB3Qcb3ar91/n Today I want to look at how inclusive India's economic growth has been over time, in particular focusing on t… https://t.co/eZh6MasSpK
7/6
2020
Still want to do your own trade deals? "London is assessing whether the advantages of the European bloc’s bargaini… https://t.co/wonXWA33cg
7/4
2020
"These companies have decided that some of the assets they have today are worth a lot less than they thought a year… https://t.co/65HORNuFD3
7/3
2020
@ThomasASpencer The example from Germany nails down the point! One thing - I think CERC has not yet allowed generat… https://t.co/TkIIdpVsOS
Retweeted by Thomas SpencerMy take on the newly introduced real time electricity market in India, and its potential for driving down the cost… https://t.co/AOMS5hpwIO
7/2
2020
@175GW_IndiaRenw I think the issue is that India's economy is still so informalized. 90 percent of the workforce in… https://t.co/RZu4E7Bux2All you need to know about India’s fuel taxes, interesting side of Indian energy and politics. Energy (electricity… https://t.co/qQGjLeWtk0
Retweeted by Thomas Spencer @utkarshrastogi I would say because the supply side is not there yet: extensive charging infrastructures, affordable EV models. @Shravanbhat Thanks!
7/1
2020
Adjusted for domestic affordability, retail #fuel prices in #India are the highest in the world. Good for the envir… https://t.co/RUff3KMQSz
Retweeted by Thomas Spencer10/n The next time a middle class India complains about being the 'only one paying tax' remember: we all pay tax on… https://t.co/gvln0CTZ069/n India's overreliance on indirect taxes, and among them fuel taxes, is really symptomatic of India's failure to… https://t.co/BZNYPtCcb68/n Household consumption expenditure of ~10 000 INR is not well off, it's right at the bottom of what we might cla… https://t.co/akcaZVbnTh7/n The graph 👆shows that fuel taxes are not necessarily progressive. Fuel consumption as a share of total househo… https://t.co/GknGeCESZq6/n Yes in absolute terms, no in relative terms. The graph 👇shows monthly expenditure on conveyance, including f… https://t.co/dSgJSoUN0k5/n This is not a bad thing per se (fuel consumption hits the import bill, local air pollution, climate change, et… https://t.co/2zyUr0Ldte4/n Of course, European countries are more economically productive than India, and therefore their PPP adjusted fue… https://t.co/4Z5YtHhjh63/n This is essentially because the tax wedge has been jacked up, even as world oil prices fall, in order to maint… https://t.co/PuNzp8XV0k2/n The map below shows the PPP adjusted cost of petrol in 54 countries as of June 2020. The colour scheme represen… https://t.co/3RrMGOHBcE1/n How expensive are petrol and diesel prices in India? Ans: among the highest in the world. To answer this, we… https://t.co/HD8vyZfQpw4/n Of course, European countries are more economically productive than India, and therefore their PPP adjusted fue… https://t.co/QVdNJcYmog3/n This is essentially because the tax wedge has been jacked up, even as world oil prices fall, in order to maint… https://t.co/Koe6FVw5uy2/n The map below shows the PPP adjusted cost of petrol in 54 countries as of June 2020. The colour scheme represen… https://t.co/OdVzKL2v4u1/n How expensive are petrol and diesel prices in India? Ans: among the highest in the world. To answer this, we… https://t.co/4FdNKcCtHC
6/30
2020
@robbie_andrew @siddharth3 @DrTongia @CWorringham @ieefa_institute Great! Congratulations. I will take a look. @GoRasika @McKinsey They define value destroying as one where return on investment < cost of capital.
6/29
2020
Want to understand the fragility of the Indian development model? This is the one paper to read. https://t.co/GWU62VmjTWThis info graphic shows just how stringent India's lockdown was. Electricity demand recorded the second largest dro… https://t.co/wB9VSIdgyK*German languageTo my German friends: what are the best Germany language non fiction books (politics, economics, sociology) publish… https://t.co/6uody3tZ7L
6/27
2020
@robbie_andrew @PrayasEnergy Yes, they also turn the fridge off overnight to save electricity. A big part of the… https://t.co/2yEdNVl8nY
6/26
2020
@s_anuj Do you need the fab to make the handsets? China imports chips, and designs and assembles the handsets, righ… https://t.co/eYiEIcHUO9The risk is that we go back to 1970s or 1980s but with a private not public oligopoly.This is a tax on consumers. Only measures to and increase the competitiveness of Indian industry can drive growth… https://t.co/BgyJSSifPkA really important blog post showing that electricity demand increased in households during lockdown. If as I ass… https://t.co/XucMdGobSg
6/25
2020
Funny, the guys who like to bash Nehru and Indira Gandhi revive the greatest hits of Nehruvian economics. https://t.co/Di3T6r8oRnAfter the #COVID19 pandemic, States have done cash transfer to the tune of only 16% of the total funds (Rs 31,000 c… https://t.co/KhwzHnTTU1
Retweeted by Thomas Spencer @WillHall92 https://t.co/He0v60uNTRWhat is asset manager capitalism? (How) does index fund dominance change the political economy of corporate governa… https://t.co/WJPX2jPorh
Retweeted by Thomas SpencerOur flagship energy data platform @energyinstratPL now also in English! For all energy, coal and climate freaks fro… https://t.co/JCuHoacQVc
Retweeted by Thomas Spencer
6/24
2020
@GoRasika The capital account is controlled, so it is not easy (not impossible, but not easy) to move money out of… https://t.co/XO6gufBqNv
6/21
2020
10/10 Ultimately Orlik's book is a fantastic reminder: never underestimate China. Understanding the Chinese politi… https://t.co/zajHLxqceP9/10 The key reason the China bubble hasn't popped is that the Chinese system are structured to accept low rates of… https://t.co/FGd2KcvhGU8/10 But the macro numbers look daunting: with investment still > 40%, at the current rate of decline in investment… https://t.co/jUUBSNN6L87/10 I am reminded here of Saint Augustine's quip: "Lord make me chaste - but not yet". Lord, give me supply side… https://t.co/omtMYof5hn6/10 This seems too optimistic to me. One of the crucial sectors for supply-side reform is steel: China retains abo… https://t.co/IUS7vvzEAV5/10 After the near-miss of 2015, China's policy-makers undertook a massive programme of "supply-side reform", clos… https://t.co/DxW9Rak5tk4/10 For now, despite some hair-raising wobbles, the bubble has not popped. Why? The reasons that Orlik gives in t… https://t.co/a0Tstp6nhC3/10 By "China bubble" Orlik means the massive run-up of debt in the Chinese economy since since the 2008-9 financi… https://t.co/NmJCEnbN0y2/10 Orlik was the Bloomberg correspondent in China, and Bloomberg Chief Asia Economist. No one seems better placed… https://t.co/7yZIiJrJTc1/10 Saturday's 10 tweet review, a cracking book on one of the key economic (and climate change) questions of today… https://t.co/cwNnvUTWqsthis boils my blood https://t.co/s7UxONOZIs
Retweeted by Thomas Spencer💥 NEW — We're proud to introduce chart settings on https://t.co/C9loHzkejQ! Check out the new menu immediately to… https://t.co/1TdazloPgN
Retweeted by Thomas Spencer
6/20
2020
The economic and social consequences of the Covid crisis in India need to be scrutinized by social scientists as th… https://t.co/R7B12dHCrS
Retweeted by Thomas SpencerTwitter hive mind: is there a good public dataset for power generation technologies out to 2050, including energy storage? @robbie_andrew @siddharth3 This report has zero carbon at 47 percent of generation. Of which wind and solar is ~30… https://t.co/2SLDfScdyFStorage game changer for the Indian power sector ... https://t.co/qbdYkrNnzgOur latest work on bringing transparency in electricity tariff fixation and estimating true cost of supply of elect… https://t.co/tZDkcWQlGx
Retweeted by Thomas Spencer @christophbals India sadly has a history of coal mine auctions going badly and results being scrapped ex post. Th… https://t.co/gUoNQPbnQ8VERY important joint policy from multiple ministries telling provinces to put brakes on new coal power projects. Pr… https://t.co/26E2YTBTnl
Retweeted by Thomas Spencer
6/19
2020
India continues to reform it’s Power sector Institutional arrangements ,to have ISP ,Independent System Planner , a… https://t.co/fv9hJcOzbf
Retweeted by Thomas SpencerWe are at a fork in the road, with two very different paths available to us. Let's see what we can do.… https://t.co/4NYD2YwBmx
Retweeted by Thomas Spencer @siddharth3 I think the reality is going to be very different! Lower demand Lower coal investment Lower RE invest… https://t.co/wizMIVaV5o @christophbals @CANIntl @fridays_india @MJaegerT @IEABirol @klima_allianz @sachkarsten @gorissenn @Luisamneubauer I… https://t.co/KX2IfE3ZU2
6/18
2020
Some interesting news coming out of Australia on solar to hydrogen. Let's call this "gold hydrogen". Australian… https://t.co/tduYwHqFjE
6/17
2020
I think the answer to whether international institutions should be valued and supported by 21st century India will be found soon.
Retweeted by Thomas Spencer @Infra_VinayakCh More concerning: interest payments are almost equal to capital expenditure.Great history lesson. Stock price run up is NOT = to treating other human beings with dignity, or you know letting… https://t.co/DoXlpCEZAr
Retweeted by Thomas Spencer
6/16
2020
"BP will slash up to $17.5bn off the value of its assets ... in the wake of the pandemic, which it expects to haste… https://t.co/61rqQqW4aG @bataille_chris I've ready this actually, and don't buy its arguments 100%. Notably, compounding the financial res… https://t.co/CIk17XjKb7
6/15
2020
@Andrei_Ilas South Sea bubble: general speculative bubble on overseas trading companies. @DrTongia I am going to be writing on this soon. Stay tuned.6/n It also means that Britain and 50% of the world population have a very different understanding of the past.… https://t.co/Xk8WrwPBh75/n Germany has a long word for this process ("Vergangenheitsbewältigung" or "Aufarbeitung der Vergangenheit" - str… https://t.co/q8VUNsUuka4/n Ask any average Britisher and they will know nothing of this episode, I would wager. That it is not taught in… https://t.co/MS2IdJn5Qc3/n Extractive tax policies and negligence by the EIC were to blame. This has to be the most tragic, brutal financ… https://t.co/y5l6R5THPZ2/n That spike you can see circled in red is right after the Battle of Plassey, which granted the EIC effective co… https://t.co/L0ekRH7dFp1/n This is the history of the share price of the East India Company (EIC), a privately owned joint stock company… https://t.co/5zMzwGI5cr
6/14
2020
If you haven’t read this, read it. All empires are bad. The British empire was as bad as the rest of them. The East… https://t.co/c0TYvy1Ccu
Retweeted by Thomas SpencerI made a meme this morning. Enjoy. https://t.co/vqcuxbYOLY
6/13
2020
Q. How does China fund continued growth of zombie polluters? A. Shadow bank lending @ 7x GDP growth. "At the start… https://t.co/JWcgheHtlgScary, but probably true. And this is not just a problem of AAP in Delhi. New Delhi accused of under-reporting… https://t.co/ZG8epZNqh4
6/12
2020
This looks very interesting and important. https://t.co/fxPTXHc2F2China's dominance of the global steel sector has massive implications for steel sector decarbonization. Is it a c… https://t.co/eSbqwinJeY
6/11
2020
With @teriin calling green #hydrogen the next "clean energy prize" they have released a new Policy Brief on how Ind… https://t.co/2T1LTfpwvl
Retweeted by Thomas SpencerI spent some time calculating median travel speed in Indian cities from Uber data. Indian cities have a median tra… https://t.co/6lclMOPnXu
6/10
2020
@175GW_IndiaRenw @DrTongia @IPPAI_India @Subhashgarg1960 I have tried to trace as much as possible what is going on… https://t.co/wg51Zd6gK7
6/9
2020

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