An autonomous research institute under the Ministry of Finance


Ongoing projects

Macroeconomic Policy Modelling

  • Start date March, 2011
  • Sponsor NITI Aayog, Government of India
  • Project leader Sudipto Mundle
  • Other faculty N.R. Bhanumurthy, Sukanya Bose
  • Consultants/Other authors Parma Devi Adhikari
  • Focus

    This is a continuation of on-going work in further refinement and application of NIPFP-Macro Economic Policy Simulation Model. Under the aegis of the Planning Commission, the NIPFP undertook a macro economic modeling project spread over a five-year period. Under this project, policy simulation studies are done to address different policy questions. The basis of these studies is the NIPFP Macro-economic Policy Simulation Model (NIPFP-MPSM). During 2011-12, three studies were done to address various policy questions that the Planning Commission needed to examine for the preparation of the 12th Plan Approach Paper. These three studies focused on the following questions: i) Effect of high international oil prices on growth and other macro variables; ii) Possibility of achieving 10 per cent growth in the 12th Plan; and iii) Trade-off between growth and current account deficit.

MCA Expert Committee on Auditors MOU between Ministry of Corporate Affairs and NIPFP

  • Start date May, 2018
  • Completion date Aug., 2018
  • Sponsor Ministry of Corporate Affairs (MCA)
  • Project leader Ajay Shah
  • Consultants/Other authors Ashish Aggarwal, Shefali Malhotra, Shubho Roy, Sudipto Banerjee
  • Focus

    The Supreme Court has asked the government to form a three member committee to look at the operations of Multinational Audit Firms (MAFs). NIPFP is the secretariat to the committee

Policy input regarding Digital Object Architecture (DOA)

  • Start date Aug., 2017
  • Completion date Jan., 2018
  • Sponsor Department of Telecommunications (DoT)
  • Project leader Ajay Shah
  • Consultants/Other authors Smriti Parsheera, Vishal Trehan, Sudipto Banerjee
  • Focus

    Study models of implementation of MPA structure in different countries.

Study on “Assessment of credit stress in the Indian Corporate Sector”

  • Start date July, 2017
  • Completion date Dec., 2017
  • Sponsor Ministry of Corporate Affairs (MCA)
  • Project leader Ajay Shah
  • Consultants/Other authors Radhika Pandey and Pramod Sinha
  • Focus
    To fill the prevalent corporate stress gap through (i) Assessing the vulnerability of the Indian corporate sector using firm level dataset (ii) Analysing corporate stress across different sectors and sub-sectors using a number of indicators, and constructing a  sector-wise vulnerability index (iii) Quantifying credit stress using the Distance-to-Default methodology.

Governance as Service Delivery: Performance of Indian States

  • Start date Jan., 2011
  • Sponsor NIPFP Sponsored Study
  • Project leader Sudipto Mundle
  • Consultants/Other authors Samik Choudhury and Satadru Sikdar