An autonomous research institute under the Ministry of Finance


Ongoing projects

Impact of Fossil Fuel Price Change

  • Completion date June, 2022
  • Sponsor Self-Initiated
  • Project leader Mukesh Kumar Anand
  • Consultants/Other authors Rahul Chakraborty
  • Focus
    Supplemental information from National Income Accounts on final consumption expenditure, indirect taxes, and value addition are utilized to generate an updated set of Input-Output (I-O) coefficients for the year 2018-19. For this update the RAS method is applied on two starting solutions, one each using I-O transactions tables for 1998-99 and 2007-08. The analysis reveals little change in intensity of cost-push inflation from forward transmission of the rise in fossil fuel prices.

Public Spending, Governance, and Regional Disparity in Sustainable Development: A District-Level Analysis in Assam

  • Start date March, 2022
  • Completion date March, 2024
  • Sponsor Indian Council of Social Science Research
  • Project leader Bhabesh Hazarika
  • Focus
    Among the various axes of inequalities in India, regional disparity has gained importance in recent times. Not only is Assam less developed than other mainstream Indian states, but there are also wide disparities within the state. Assam has been active in terms of Sustainable Development Goals (SDGs) by developing SDG-aligned Vision Documents, adopting customized State Indicator Frameworks, and creating SDG cells and dedicated institutional structures. However, the North Eastern Region (NER) District SDG Index Report and Dashboard 2021-22 reveals that there has been a considerable disparity in the status of SDGs across the districts in Assam. It is, thus, crucial to understand what drives such inter-district divergences – to know why some districts have better outcomes while others have poor SDG achievements. Does an increase in public expenditure directly impact improving SDG outcomes, especially at the district level? What role does good governance play in explaining such variation? The proposed study attempts to analyse the role of public expenditure and quality of governance in explaining the divergence of SDGs achievement across districts, which has important implications for policy prescriptions. This is crucial as the district is the implementing unit when it comes to social sector spending. Moreover, the fiscal space of Assam is weak due to stagnation in revenue. In such a situation, good governance and quality public spending would be critical in bridging the widening developmental gaps.

Public Expenditure and Financial Accountability (PEFA) Assessment for Uttarakhand

  • Start date April, 2023
  • Completion date Jan., 2024
  • Sponsor Government of Uttarakhand
  • Project leader Pratap Ranjan Jena
  • Other faculty Dinesh Nayak
  • Consultants/Other authors Abhishek Singh
  • Focus
    The NIPFP proposes to carry out the project Public Expenditure and Financial Accountability (PEFA) assessment for the state of Uttarakhand. The assessment will follow the established PEFA assessment methodology. The study will show the strengths and weaknesses of the public financial management (PFM) system in Uttarakhand and in the process will help authorities to take appropriate policy measures.

NIPFP-DEA Research Programme

  • Start date April, 2022
  • Completion date March, 2024
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader R. Kavita Rao
  • Consultants/Other authors Radhika Pandey, Pramod Sinha, Rachna Sharma, Ashim Kapoor, Ritika Singh, Simran Kaur, Utsav Saksena, Kriti Wattal, Ramya R. Kumar and Anandita Gupta
  • Focus
    The objective of this Memorandum of Understanding is to establish a collaborative work process, between the Department and the Institute, which will enhance capacity at the Department in its tasks of financial and monetary institution building. Providing research and consultancy to the Department on issues related to implementation of Financial Sector Legislative Reforms Commission (FSLRC) recommendations, financial markets including Sovereign Credit Rating, Study of Debt Sustainability, Cryptocurrency-related matters and Payment and Settlement Systems (PSS), Research on potential of internationalization of the Indian currency, framing of rules and regulations of the Resolution Corporation (RC), Comprehensive foreign investment law, and Research assistance for establishment-related aspects of setting up a Financial Data Management Centre.

Stocktaking on management of public investments in selected States

  • Start date March, 2022
  • Completion date Feb., 2024
  • Sponsor World Bank
  • Project leader Supriyo De, Lekha Chakraborty and R Kavita Rao
  • Consultants/Other authors Piyali Das, Seema Maurya, Mayurakshi Mitra, Divya Rudhra
  • Focus

    To help boost growth and productivity Government of India is currently undertaking infrastructure spending on a large scale. These include areas such as housing, water and sanitation, energy, transport and logistics, largely implemented by the States. However, these infrastructure projects face challenges.  To facilitate a comprehensive approach to address these challenges, World Bank along with NIPFP seeks to undertake analytical work related to stocktaking on management of public investments in selected States. With the help of a questionnaire tailored to the Indian context, this project seeks to highlight the good practices and lessons from the States.