An autonomous research institute under the Ministry of Finance

 

Ongoing projects

Performance of the Indian Manufacturing Sector: Contribution to GVA and Investment

  • Start date March, 2021
  • Sponsor Ministry of Corporate Affairs (MCA)
  • Project leader Ila Patnaik
  • Consultants/Other authors Pramod Sinha, Madhur Mehta
  • Focus

    A number of studies have highlighted the methodological concerns with the new base year GDP series and discussed the discordant trends in the growth estimates arrived at using the two base year series. There is relatively scarce literature on attempting to arrive at an estimate of growth using the annual financial statements of firms. This could give us insights on the growth story. This study proposes to analyse the annual financial statements of firms in the manufacturing sector to generate growth estimates based on gross value addition (GVA), a key metric to measure economic growth. 


Revenue and Expenditure Contours of States in the Pandemic year 2020

  • Start date Sept., 2020
  • Completion date Oct., 2021
  • Sponsor Bill and Melinda Gates Foundation (BMGF) under Approaches to Public Financing of Health in India: The Way
  • Project leader Mita Choudhury
  • Consultants/Other authors Pritam Datta, Rohit Dutta, Rashi Mittal, Garima Nain, Ragini
  • Focus

    This study analyses changes in the revenues and expenditures of major states of India in 2020-21 vis-a-vis 2019-20 (the reference year). On revenues, we examine component-wise changes and transfers from the Central government. On expenditures, we carry out analysis at the sectoral level to understand varied response across states in protecting social sector spending vis-a-vis spending in economic sectors during the pandemic. Aggregate data provided by the CAG, Monthly Civil Accounts compiled by the office of the Principal Auditor General (PAG) in states and revised figures provided in state budgets are used to draw conclusions.


Efficiency of Public Spending on Health and Governance Quality

  • Start date Aug., 2020
  • Completion date June, 2021
  • Sponsor Bill and Melinda Gates Foundation (BMGF) under Approaches to Public Financing of Health in India: The Way
  • Project leader Mita Choudhury
  • Consultants/Other authors Dweepobotee Brahma and Ragini
  • Focus

    Health systems in low and middle-income countries are plagued by inefficiencies which lead to diminished performance by the overall health system and cause poor health outcomes. In this study we investigate the efficiency of public spending in health across the Indian states. Using state-level panel data and stochastic frontier analysis, we first estimate the technical efficiency in public spending for the different states. We identify the most and least technically efficient states. We investigate the relationship between technical efficiency and the quality of governance in the states and discuss several ways of improving efficiency and overall health system performance.


Intra-State Distribution of Public Spending on Health in Gujarat: Horizontal and Vertical Equity

  • Start date Nov., 2020
  • Completion date Sept., 2021
  • Sponsor Bill and Melinda Gates Foundation (BMGF) under Approaches to Public Financing of Health in India: The Way
  • Project leader Mita Choudhury
  • Consultants/Other authors Jay Dev Dubey
  • Focus

    This study focuses on the intra-state distribution of public spending on health in the State of Gujarat Much of the evidence on state-level public spending has been confined to state-level aggregates and intra-state distribution has received limited attention. We examine both the horizontal (across districts) and the vertical (across levels of care) equity within the state. The study is a continuation of our ongoing work on intra-state distribution of public spending on health across Indian states.


Taxation of Financial Markets in India (continuation)

  • Start date March, 2020
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader R. Kavita Rao
  • Other faculty Suranjali Tandon
  • Consultants/Other authors Adithya Reddy
  • Focus

    The choice of capital and investment decisions by corporations depend on the different treatment of debt and equity. This project provides a detailed review of tax treatment of instruments and its impact on the economy.