An autonomous research institute under the Ministry of Finance


Ongoing projects

Organisation Design and Internal Processes for Establishing an Effective National Council for Vocational Education and Training” (“NCVET”)

  • Sponsor Omidyar Network Services
  • Project leader Ila Patnaik
  • Consultants/Other authors Pratik Datta, Sarang Moharir
  • Focus
    The study to improve the quality of skills development programs throughout India by providing assistance to NCVET (established by merging two regulatory bodies, NCVT and NSDA. The study will produce a design for NCVET; identify the priority areas, list the important functions and processes required to be performed by the NCVET. The study will also identify the important regulatory instruments, contracts and guidelines that the NCVET will be required to issue and enforce soon after its establishment. NIPFP will engage with the Ministry of Skill Development and Entrepreneurship (“MSDE”) and other stakeholders to assist in the development of an implementation plan for the establishment of the NCVET, and shall organize consultations and meetings in this regard (Feb 2019-Aug 2019).

Improving Research and Policies on Health and its Financing

  • Start date Dec., 2016
  • Completion date Dec., 2019
  • Sponsor Bill & Melinda Gates Foundation
  • Project leader Ajay Shah and Ila Patnaik
  • Consultants/Other authors Shubho Roy, Shefali Malhotra, Harleen Kaur, Rachna Sharma, Sanhita Sapatnekar, Mahima Gupta, Manpreet Singh, Sameer Pethe, Supriya Krishnan, Madhur Mehta. Siddhartha Srivastava, Moumita Das
  • Focus
    The problems characterising the Indian health sector are complex. On one hand, there are issues relating to access and quality of health services and, on the other, those relating to the state of public health expenditure, as well as the design and implementation of the programs accounting for this expenditure. Information gaps in India's health sector stem not just from inadequate or incomplete data, but also from the absence of an integrated approach when viewing the current state of health its expenditure. The Bill & Melinda Gates foundation is funding NIPFP to develop the tools needed to gain a better understanding of the state of health and its financing in India. The project has been designed to bridge the aforementioned information gaps
    by creating a comprehensive dataset on public health finance. The overall objective is to provide reliable and comprehensive data so that policy decisions are better informed, through research and analysis on health expenditure as well as assisting in designing and monitoring the effectiveness of health related programs.

Reform of the Government School system: Towards greater trust

  • Start date June, 2016
  • Completion date Jan., 2018
  • Sponsor Azim Premji University
  • Project leader Sukanya Bose
  • Consultants/Other authors Priyanta Ghosh (Research Scholar, JNU) and Arvind Sardana (Eklavya)
  • Focus
    Abstract: Bringing about equity and quality in education faces serious challenges. The enhanced demand for education especially among the most marginalised sections of the society has gone hand in hand with increasing stratification of education. The “crowding out” of public schools by private schools has led to opportunities for schooling being distributed in an unequal manner depending on income. On the other hand, the low standards of public education with the weak functionality of the government schools offers little alternative to the private sector schools, even if the latter is of largely ramshackle quality. Unless there are reforms in government schooling system, strong market advocates of low cost private schools will make deeper inroads.
    One of the main hurdles to proper reform of public schooling is the financial constraint. More and more people in policy circles seem to fall for the argument that proper government schools are simply not affordable from the point of view of the State, hence there is little sense in speaking of equity. Some authors demonstrate that even an allocation of 6% of GDP to the education budget would not be sufficient to fund universal school education if the reliance is to be wholly or even primarily on government school system. This study will attempt to examine the assumptions underlying the resource constraint model.
  • See details

    Project site

Study on How do disclosures affect financial choices? The Case of Life Insurance of India

  • Start date Jan., 2016
  • Completion date Oct., 2016
  • Sponsor International Growth Centre, The London School of Economic and Political Science
  • Project leader Ajay Shah
  • Focus

    To understand household motivation for the purchase of insurance products and evaluate the effectiveness of different disclosures formats for insurance products. 

Financial Globalisation and Economic Growth: An Empirical Investigation for South Asia

  • Sponsor ICSSR
  • Project leader N.R. Bhanumurthy