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Economic Advisory Council to the Prime Minister (EAC-PM,envites applications for appointment of Young Professionals and Consultants (Grade I) on a contractual basis.)


Economic Advisory Council to the Prime Minister (EAC-PM), invites applications for appointment of Young Professionals and Consultants (Grade I) on a contractual basis.

ABOUT

EAC-PM

Economic Advisory Council to the Prime Minister (EAC-PM) is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister. At present, the composition of EAC-PM is: Shri Suman Berry (Chairman), Shri Sanjeev Sanyal (Member), Dr. Shamika Ravi (Member), Shri Rakesh Mohan (Part-Time Member), Dr. Sajjid Chinoy (Part-Time Member), Dr. Neelkanth Mishra (Part-Time Member), Shri Nilesh Shah (Part-Time Member), Prof. T.T. Ram Mohan (Part-Time Member) and Dr. Poonam Gupta (Part-Time Member).
 
The Terms of Reference of EAC-PM include analyzing any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon, addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister. These could be either suo-motu or on reference from the Prime Minister or anyone else. They also include attending to any other task as may be desired by the Prime Minister from time to time.

Team

Shri Suman Bery

Chairman

Shri. Sanjeev Sanyal

Member

Dr. Shamika Ravi

Member

Shri. Rakesh Mohan

Part-Time Member

Dr. Sajjid Z. Chinoy

Part-Time Member

Dr. Neelkant Mishra

Part-Time Member

Dr. Poonam Gupta

Part-Time Member

Shri. Nilesh Shah

Part-Time Member

Reports

The Great Convergence: A Case Study of Uttarakhand and Himachal Pradesh (2000 to 2020)

We compare the growth and transformation of Uttarakhand (UK) economy to that of Himachal Pradesh (HP) over a period of two decades [2000-2020]. In particular, we examine the changes in the industrial sector output, particularly in view of the Concessional Industrial Package (CIP) for the Hill States announced by the central government in January 2003. What emerged subsequent to the central government’s announcement is akin to a ‘natural experiment’ given the close similarities of the two neighboring states. We study the approaches of the two states in response to the CIP which resulted in differing long-term trajectories of growth for the two neighbors. The only fundamental difference between the industrial policies of the two states was in their land policies, while all others were identical. We find that UK was able to rapidly catchup and subsequently exceed the per capita income of HP within a relatively short period of time. The state was able to better leverage the benefits of the CIP owing to a proactive and dedicated approach to town planning and land use policy which has emerged as one of the most critical impediments to industrialization and urban growth across India. We further investigate the impact of subsequent industrialization on tax revenues and spending patterns of the two states over two decades.

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Time Spent on Employment-Related Activities in India: A Note

Recent remarks by leaders of corporate India have sparked an interesting public debate. Their general point is that if India wants to become a developed nation, people will have to work 70 hours a week or more. Assuming a six-day work week, this translates to 700 minutes per day on employment-related activities. So far, the public discussion has mostly focused on efficiency versus quantity of work. Though this is an important aspect, it is imperative to first understand how things stand on the ground by studying the available data. That is, how much time is spent on employment-related activities across states, different economic sectors, types of enterprises, rural versus urban differences, and differences across genders and social groups within the country. In addition, this note also provides evidence of the association between time spent on employment-related activities and the per capita Net State Domestic Product (NSDP) at constant prices.

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Female Labour Force Participation Rate

The female labour force participation rate (LFPR) is a crucial indicator of women’s economic empowerment and overall economic inclusiveness. This research paper presents econometric analysis highlighting a significant resurgence in female LFPR across Indian states, especially in rural areas, since 2017-18. There are three broad themes for the empirical analysis: (1) Recent trends in female LFPR, (2) The effects of marital status and parenthood on LFPR, and (3) LFPR variations with age and gender across all regions and states of India.

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India and Global IPR Treaties

To become an international player in the knowledge economy, India needs to take global IPR treaties more seriously as these agreements create the framework for the country’s R&D ecosystem to align with global best practices and accurately benchmark our performance with international peers. In this EAC-PM Working Paper, we explore 4 such international agreements and look at the pros and cons of each of them. These are the Strasbourg Agreement Concerning the International Patent Classification 1971, Geneva Act of the Hague Agreement on Industrial Designs 1999, Geneva Act of the Lisbon Agreement on Geographical Indications 2015 and the Design Law Treaty 2024.

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