CHANGING CONTOURS OF POLICY COMMUNICATIONS IN INDIA

Abhishek Ranjan () and Siddhartha Nath ()
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Abhishek Ranjan: Reserve Bank of India, India
Siddhartha Nath: Reserve Bank of India, India

Bulletin of Monetary Economics and Banking, 2024, vol. 27, issue 3, 435-458

Abstract: Using the keyword frequencies in the headlines of press releases issued by the Ministry of Commerce and Industry Government of India, this article quantifies the shifting focus of India’s public policy communications. Our analysis suggests that, in the aftermath of the 2008–09 Global Financial Crisis, India’s public policy communications shifted from international trade to innovation and competitiveness, while the emphasis on large infrastructure development, employment, investment, and policy incentives remained. A similar analysis using newspaper headlines from India’s three leading newspapers and Google search intensity using Google Trends broadly suggest similar trends. However, media articles about innovations and competitiveness displayed growth trends about three years before there was a similar trend in communications from the ministry. Comparatively, the public interest on innovations, as measured by Google Trends data, lagged ministry communications by almost two years. Therefore, this article suggests that ministry communications aimed at guiding economic agents’ decisions towards certain developmental goals are in line with the flow of thoughts in the media and public in India.

Keywords: Public policy; Communication; Trade; Innovation (search for similar items in EconPapers)
JEL-codes: D83 F13 O38 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:27:y:2024:i:3c:p:435-458

DOI: 10.59091/2460-9196.2288

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