NIPFP is a premier research institution in public economics and policy. The institute has made significant research contribution in the areas of revenue and taxation, fiscal management, public expenditure, macro-economic policies, fiscal federalism and other policy issues both at the Central and the State-level. Being the largest think-tank on public economics and policy in India, the institute faces an overwhelming demand for research in these areas. Most of the studies are supported by Central and State governments in India, and bilateral and multilateral institutions. Collaborative research is also undertaken with national and international academic institutions. The institute has also undertaken research for a few other countries at the request of the Governments of those countries. Besides sponsored studies, the faculty at NIPFP also undertakes research studies in areas of their interest.