An autonomous research institute under the Ministry of Finance


HP state finances: Tax buoyancy is key to fiscal prudence


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(Coauthored with Lekha Chakraboty)
Estimating the buoyancy of own tax revenue and its important components for Himachal Pradesh for the period 1980 to 2017.
Himachal Pradesh was ranked second amongst all the states and Union territories of India, with a score of 69, in the composite score published ...

Back to the public sector?


Of the Rs 102 trillion to be deployed through to FY25, 78 per cent is to be mobilised by the public sector and 22 per cent by the private sector.
Implementing a recent announcement, the Ministry of Finance released the National Infrastructure Pipeline Report (NIP). The exercise is similar ...

Violence against women: Beyond the rhetoric


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Violence against women is as much an economic policy issue as a social one. Macroeconmic policy, governance must set the standards for women’s safety.
Beyond online activism on #RapeinIndia remarks, it is high time safety and security of women in India receives serious bi-partisan priority. It is unfortunate to ...

Telangana: When elongation of debt maturity structure is crucial for economic growth


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(Coauthored with Lekha Chakraborty & MD Azharuddin Khan)
Given aspirational development agenda of the state, it is a challenge to maintain the stipulated growth path at 14-15% while adhering to fiscal rules by containing debt-GSDP ratio at 20%
The newest state of India, Telangana, since its formation, is ...

State finances: Why is Kerala different?


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Identifying innovative sources of financing the deficit is significant to maintain the high human development achievements of the state and also the growth-inducing capital infrastructure formation in Kerala.
Recent reports from RBI and Niti Aayog highlight the remarkable achievements of Kerala in education, health and nutrition; and the significant ...