This is an on-going collaboration with Delhi School of Economics, under which annual macroeconomic forecasts are provided to the UN-DESA, New York.

1. Study the trend of revenue of generation and suggest measure to augment the resources in the light of new policy of Central Government after advent of NITI Aayog and post 14^th FC award; 2. Study and recommend to the State government on how to reduce wasteful expenditure and plug loopholes and leakages, how to raise revenues etc.; 3. Study the pattern of expenditure and suggest measures for Public expenditure reforms.; 4. Study the current status of various decentralisation initiatives (including transfers made to Rural, urban local bodies, VIIth Schedule areas, development and autonomous councils); 5. Study the impact of state-level public sector enterprises on their finances and, measures taken for improving their performance; 6. Study the impact of power sector reforms on state finances and suggest measures for sustained development.; 7. Analysis of contingent liabilities; 8. Evaluation and targeting of subsidies by the states; 9. Submit the 10 year perspective plan from 2016 to 2026 along with the structural and institutional reforms in public finance in the State.  

To investigate the trade-off between price stability and financial stability in India.

To analyze the determinants of corporate investment in India, at the aggregate level, incorporating monetary and fiscal policy variables, in India, using maximum entropy ensembles and bootstrapping methodology.

The purpose of the study is to analyse how the pattern of public expenditure has evolved over time with specific reference to allocation of government expenditure on public goods, merit goods and private goods.

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

This study will feed into NIPFP’s ongoing project on Biodiversity finance.

Objective is to forecast GDP and inflation

To investigate the trade-off between price stability and financial stability in India 

Project website

(1^st April 2014-31^st March 2017)

This is the fourth MOU signed on 3 April 2014 between the NIPFP and the Department of Economic Affairs (DEA), Ministry of Finance, Government of India to undertake the NIPFP-DEA Research Program. The research program aims to provide research input to approach several new challenges that face DEA and the Ministry of Finance. The research program will address larger questions of fiscal, financial and monetary policy in an open-economy setting, but also provide what is perceived as the indispensable - a research oriented policy support framework for topical issues that are of concern to the Ministry. Within the overall framework of the objectives, NIPFP will also undertake activities relating to implementation of FSLRC recommendations.

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

Study models of implementation of MPA structure in different countries.

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).

Study models of implementation of MPA structure in different countries.

The review report contains detailed evaluation of the State finances as projected in the budget for the year 2015-16 and the budget out-turns as reported in the Finance Accounts for the year and the fiscal management principles enunciated in the FRBM Act. The review report assessed the achievements of the State Government while implementing the provisions of FRBM Act.

Advise on Strategic Disinvestment from Central Public Sector Enterprises (CPSEs) and provide policy analysis on loss making CPSEs.

BIOFIN aims to develop a methodology for quantifying the biodiversity finance gap at national level, for improving cost-effectiveness through mainstreaming of biodiversity into national development and sectoral planning, and for developing comprehensive national resource mobilization strategies. BIOFIN will feed into the development of NBSAPs, while the NBSAP projects in turn will provide a platform for integration into decision-making processes.

This study attempts to review the prevailing system of transfers and attempts to identify reform areas.

To evaluate the performance of various activities taken up under the erstwhile NLRMP and present DILRMP, identify constraints in the implementation of these programmes, identify good practices and the gaps in achievement of NLRMP objectives and suggest appropriate changes to improve the effectiveness of DILRMP.

To provide policy and analytical support to the WDRA for the implementation of WDRA Transformation plan its various components.

Under this project, the team has completed first part on MGNREGS and has already been published as a book by NIPFP titled “Unspent Balances and Fund Flow Mechanism under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)”. Under this project, second report on PMGSY, IAY, NRLM and NSAP programmes are under progress.

The study will document the bottlenecks in fund flows in the health sector from Union to State Governments, from State Governments to State-level implementating agencies and from State to district-level implementing agencies in 3 selected States. In particular, the study will focus on the processes and timeliness of releases of funds in selected States. The insights will be used to suggest reforms in the architecture of Public Financial Management in these States.