An autonomous research institute under the Ministry of Finance


Ongoing projects

Public Finance Information System

  • Sponsor State Finances Unit, NIPFP
  • Project leader Amar Nath H K
  • Consultants/Other authors Diwan Chand, Gita Bhatnagar
  • Focus

    Comprises of Budgetary information sourced from Finance Accounts of various states for historical data and from Budget Documents for the current period. Disaggregated information on State Finances is maintained at the Institute for time series starting from 1987-88.

Macro-Economic Analysis, Fiscal Policy, and Forecasting

  • Sponsor Ministry of Finance
  • Project leader Sudipto Mundle
  • Other faculty N.R. Bhanumurthy
  • Consultants/Other authors Sukanya Bose, Shovanbrata Talukdar
  • Focus
    This study attempts to estimate fiscal multipliers for various revenues and expenditures using a macro model. It also attempts to prepare a framework for forecasting of inflation in the short to medium term, with the help of automatic leading indicator approach.

Approaches for Controlling the CAD during 12th Plan Period

  • Sponsor Planning Commission, Government of India
  • Project leader Sudipto Mundle
  • Other faculty N.R. Bhanumurthy
  • Consultants/Other authors Sukanya Bose
  • Focus
    This attempts to analyse the impact of high CAD and various rates of WPI inflation on growth and other macro variables in the 12th Plan period as well as in 2013-14.

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