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Ashima Goyal

Biographic Data

ID4155153
NAMEAshima Goyal
GIVEN NAMESAshima
FAMILY NAMEGoyal
SIGNATUREGOYAL A
AFFILIATIONSIndira Gandhi Institute of Development Research
ORCID0000-0001-6360-7860
VERIFIEDYes
TOTAL WORKS10
TOTAL CITATIONS1
WORKS AS AUTHOR10
WORKS AS EDITOR0
FIRST PUBLICATION YEAR2007
LATEST PUBLICATION YEAR2026
H-INDEX1
  • The Indian Union Budget

    Ashima Goyal•ARTICLE•Economic and political…•2026

    The Centre has reached the golden rule, where it borrows only for investment, keeping expenditure at the maximum consistent with debt falling towards sustainable levels. This builds buffers that make it feasible to smooth growth over time and keep real interest rates low, giving the space to absorb transient shocks and design least cost responses to shocks that prove to be persistent. Counter-cyclical stimulus as well as productivity gains is req…

  • Assessing Indian Inflation Targeting

    Ashima Goyal•ARTICLE•Economic and political…•2025

    The literature expects it to take a long time to establish inflation targeting (IT) in emerging markets, but the Indian experience suggests that suitable adaptation of IT to domestic structure and shocks, as well as circumstances, can fast-track the process while reducing growth sacrifice. The paper provides evidence and possible further refinements

  • Budget 2025-26-wl-3818-Macroeconomic Outlook and Medium-Term Growth Prospect after the Budget

    Ashima Goyal•ARTICLE•Economic and political…•2025

    The slowdown and its reversal, that followed government capital expenditure, confirm that the quality of government expenditure creates stimulus even with overall fiscal consolidation. The latter as well as focus on improving vegetable supply chains in the budget enables monetary accommodation, which adds to the stimulus; so do mechanisms to multiply the impact of public funds and use more resources available in a growing economy to create incent…

  • Lessons from outperformance in the Indian financial sector

    Open Access•Ashima Goyal•ARTICLE•Global Policy•2023

    We examine predictions and outcomes for the Indian financial sector in the pandemic period to (i) build a case for re‐examining our understanding of the sector and (ii) improve risk perceptions and policy design. Reasons for outperformance include reforms that led to a better balance between discretion from public sector dominance and the excess volatility of market‐based systems. This diversity, as well as divergence of the Indian credit cycle f…

  • Global shocks and international policy coordination

    Open Access•Ashima Goyal, Rupayan Pal•ARTICLE•Global Policy•2022

    We show as emerging markets (EMs) size crosses a threshold it is in advanced economies (AEs) own interest to reduce negative spillovers to EMs. It follows the potential for international cooperation in macroeconomic and prudential policy increases. But entrenched perceptions and historical advantages are obstacles. These blocks are explored as well as possibilities in macroeconomic policies and in prudential regulation. Export of capital is a maj…

  • External shocks, cross-border flows and macroeconomic risks in emerging market economies

    Open Access•Ashima Goyal, Akhilesh K Verma et al.•ARTICLE•Empirical Economics•2022

  • Herbal smoking products

    Arpit Gupta, Shweta Sharda et al.•ARTICLE•Tobacco Control•2021

    HSPs are readily available online at affordable prices and attractive variants for customers of all ages. The flavour appeal and the health benefit appeal is being used to target minors and young women. There is an urgent need for some regulations on the sale and e-marketing of such products that have an enormous potential to be used as a gateway to tobacco smoking

  • A community-based pragmatic, controlled trial for preventing and reducing oral diseases among 1–6-year-old children visiting Anganwadi centers, under the Integrated Child Development Scheme, India

    Open Access•Ashima Goyal, Ashoo Grover et al.•ARTICLE•BMC Public Health•2019

    This trial has been prospectively registered at Clinical Trials Registry, India (CTRI/2019/02/017556, 08 February 2019)

  • Sustaining Indian Growth

    Ashima Goyal•ARTICLE•India Review•2015

    Inclusive institutions make correct policy choices required for steady catch-up growth more likely. India started out with highly inclusive political institutions since it adopted democracy with universal suffrage at independence. But extractive economic institutions, inherited from the British, were made more so by economic controls. In addition, a heterogeneous electorate allowed politicians to cultivate vote-banks and populist schemes instead …

  • Women Making Choices

    Open Access•Ashima Goyal•ARTICLE•Indian Journal of Gender Studies•2007•Cited by: 1•References: 12

    Amartya Sen's capability approach is very useful to analyse how choices affect the potential of women, once the position that women lack self-awareness when they make their choices is dropped. Women's agency is underestimated. Women's ‘otherregarding choices’ are not irrational because altruism has not only intrinsic, but also instrumental value as a source of social capital; it may even increase some types of freedom. The mask of conformity wome…

  • Women Making Choices

    Open Access•Ashima Goyal•ARTICLE•Indian Journal of Gender Studies•2007•Cited by: 1•References: 12

    Amartya Sen's capability approach is very useful to analyse how choices affect the potential of women, once the position that women lack self-awareness when they make their choices is dropped. Women's agency is underestimated. Women's ‘otherregarding choices’ are not irrational because altruism has not only intrinsic, but also instrumental value as a source of social capital; it may even increase some types of freedom. The mask of conformity wome…

  • Women Making Choices

    Open Access•Ashima Goyal•ARTICLE•Indian Journal of Gender Studies•2007•Cited by: 1•References: 12

    Amartya Sen's capability approach is very useful to analyse how choices affect the potential of women, once the position that women lack self-awareness when they make their choices is dropped. Women's agency is underestimated. Women's ‘otherregarding choices’ are not irrational because altruism has not only intrinsic, but also instrumental value as a source of social capital; it may even increase some types of freedom. The mask of conformity wome…

  • Sustaining Indian Growth

    Ashima Goyal•ARTICLE•India Review•2015

    Inclusive institutions make correct policy choices required for steady catch-up growth more likely. India started out with highly inclusive political institutions since it adopted democracy with universal suffrage at independence. But extractive economic institutions, inherited from the British, were made more so by economic controls. In addition, a heterogeneous electorate allowed politicians to cultivate vote-banks and populist schemes instead …

  • A community-based pragmatic, controlled trial for preventing and reducing oral diseases among 1–6-year-old children visiting Anganwadi centers, under the Integrated Child Development Scheme, India

    Open Access•Ashima Goyal, Ashoo Grover et al.•ARTICLE•BMC Public Health•2019

    This trial has been prospectively registered at Clinical Trials Registry, India (CTRI/2019/02/017556, 08 February 2019)

  • Herbal smoking products

    Arpit Gupta, Shweta Sharda et al.•ARTICLE•Tobacco Control•2021

    HSPs are readily available online at affordable prices and attractive variants for customers of all ages. The flavour appeal and the health benefit appeal is being used to target minors and young women. There is an urgent need for some regulations on the sale and e-marketing of such products that have an enormous potential to be used as a gateway to tobacco smoking

  • Global shocks and international policy coordination

    Open Access•Ashima Goyal, Rupayan Pal•ARTICLE•Global Policy•2022

    We show as emerging markets (EMs) size crosses a threshold it is in advanced economies (AEs) own interest to reduce negative spillovers to EMs. It follows the potential for international cooperation in macroeconomic and prudential policy increases. But entrenched perceptions and historical advantages are obstacles. These blocks are explored as well as possibilities in macroeconomic policies and in prudential regulation. Export of capital is a maj…

  • External shocks, cross-border flows and macroeconomic risks in emerging market economies

    Open Access•Ashima Goyal, Akhilesh K Verma et al.•ARTICLE•Empirical Economics•2022

  • Lessons from outperformance in the Indian financial sector

    Open Access•Ashima Goyal•ARTICLE•Global Policy•2023

    We examine predictions and outcomes for the Indian financial sector in the pandemic period to (i) build a case for re‐examining our understanding of the sector and (ii) improve risk perceptions and policy design. Reasons for outperformance include reforms that led to a better balance between discretion from public sector dominance and the excess volatility of market‐based systems. This diversity, as well as divergence of the Indian credit cycle f…

  • Assessing Indian Inflation Targeting

    Ashima Goyal•ARTICLE•Economic and political…•2025

    The literature expects it to take a long time to establish inflation targeting (IT) in emerging markets, but the Indian experience suggests that suitable adaptation of IT to domestic structure and shocks, as well as circumstances, can fast-track the process while reducing growth sacrifice. The paper provides evidence and possible further refinements

  • Budget 2025-26-wl-3818-Macroeconomic Outlook and Medium-Term Growth Prospect after the Budget

    Ashima Goyal•ARTICLE•Economic and political…•2025

    The slowdown and its reversal, that followed government capital expenditure, confirm that the quality of government expenditure creates stimulus even with overall fiscal consolidation. The latter as well as focus on improving vegetable supply chains in the budget enables monetary accommodation, which adds to the stimulus; so do mechanisms to multiply the impact of public funds and use more resources available in a growing economy to create incent…

  • The Indian Union Budget

    Ashima Goyal•ARTICLE•Economic and political…•2026

    The Centre has reached the golden rule, where it borrows only for investment, keeping expenditure at the maximum consistent with debt falling towards sustainable levels. This builds buffers that make it feasible to smooth growth over time and keep real interest rates low, giving the space to absorb transient shocks and design least cost responses to shocks that prove to be persistent. Counter-cyclical stimulus as well as productivity gains is req…

Economics (6 works) · Macroeconomics (4 works) · Business (3 works) · Emerging markets (3 works) · Finance (3 works) · Indian Economic and Social Development (3 works) · Monetary Policy and Economic Impact (3 works) · Economic growth (2 works) · Financial crisis (2 works) · Global Financial Crisis and Policies (2 works)

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