An autonomous research institute under the Ministry of Finance


Past projects

Macroeconomic Policy Management for SDGs: Identifying Monetary and Fiscal Policy Tools

  • Start date Aug., 2017
  • Completion date Feb., 2018
  • Sponsor Macroeconomic Policy Division, UNESCAP
  • Project leader Lekha Chakraborty
  • Focus

    The study analyses the macroeconomic policy regimes in Asia-Pacific Region and identifies the specific policy tools for Integrating SDGs.

Macroeconomic Policy Management for SDGs: Identifying Monetary and Fiscal Policy Tools

  • Start date Aug., 2017
  • Completion date Feb., 2018
  • Sponsor Macroeconomic Division, UNESCAP
  • Project leader Lekha Chakraborty
  • Focus

    To analyse the monetary and fiscal policy management in Asia Pacific and to identify the specific policy tools for integrating SDGs

A study of Intergovernmental Fiscal Transfers in India

  • Start date July, 2016
  • Completion date Jan., 2018
  • Sponsor IDRC, Canada
  • Project leader Pinaki Chakraborty
  • Other faculty Lekha Chakraborty, Manish Gupta, Amandeep Kaur, Shatakshi Garg, Azharuddin Khan
  • Focus

    The objective of the proposed study is to examine the systems, institutions, architecture of federalism and decentralisation in the country and how they have evolved over time and how the transfer system has addressed the issue of regional inequality, human development and basic social service delivery differentials in India. The study would contribute to NIPFP’s institutional objectives of assisting the Central, State and Local governments in formulating and reforming public policies by providing an analytical base and would be a rich source of learning for other countries in the region.


    The study is part of an 18-month research project undertaken jointly with the Social Policy and Development Centre (SPDC).

  • See details

    Related events:



    The paper prepared as part of IDRC Federalism project, titled 'Efficacy of Gender Budgeting on Gender Equality Outcome and Fiscal Space: Empirical Evidences from Asia Pacific", was presented by Lekha Chakraborty (pic above) in the Gender and Macroeconomics Conference organised by the Levy Economics Institute at Park Avenue 101, New York City , September 13-15, 2017. Janet Stotsky of IMF discussed the paper in the meeting following the presentation. This paper is prepared by Lekha Chakraborty in collaboration with Marian Ingrams of Harvard Law School who is currently a Fulbright affiliate of NIPFP and Yadawendra Singh, former IDRC Project Associate at NIPFP.




    NIPFP Seminar on "Issues in StateFinances – Analysis of State Budgets 2017-18", 18th August, 2017, 3pm, IHC.



    NIPFP High-level Meetings on Himachal Pradesh State Finances Post-Fourteenth Finance Commission with Additional Chief Secretary(s) - Finance & Planning & other top officers at Himachal Pradesh Secretariat at Shimla, held on June 27, 2017 (pics above).



    NIPFP high level Meeting with Addl. Chief Secretary and top officials of Dept of Finance, at State Secretariat Vallabh Bhavan, Bhopal, May 18th 2017. The Second high level Meeting was with Planning Board officials and the top officials of sectoral Ministries in Vindhyachal Bhawan, Bhopal (pics above).


    Former Governor, Reserve Bank of India and Chairman, 14th Finance Commission, Dr. Y.V. Reddy chairs IDRC-NIPFP Technical Advisory meeting on State Finance, May 12, 2017, NIPFP (pic above).


    NIPFP's High level Meeting with State Officials was convened by the Chief Secretary, Govt. of Rajasthan regarding emerging issues in public finance including UDAY debt, at the Secretariat, Jaipur, Govt of Rajasthan, on April 19, 2017 (pic above).


    Seminar on "Emerging Issues in State Finances Post-Fourteenth Finance Commission: Analysis of State budgets 2016-17", held on 13 December, 2016 at IIC, New Delhi (details on events page and pic above).

    Related papers:

    I. Policy note:
    Analysis of State budgets 2016-17. PDF
    Policy note. PDF
    II. Journal Publications:
    State level debt-deficit dynamics. PDF
    Emerging Issues in Union-State Fiscal Relations. PDF
    IV. Opinion columns:
    • Is fiscal prudence really fading away? PDF