An autonomous research institute under the Ministry of Finance

 

Thematic PFM and India’s Climate Finance Taxonomy: Strengthening Fiscal Architecture for Inclusive and Resilient Transitions

22/01/2026

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(Co-authored with Lekha Chakraborty)

India’s commitment to net-zero emissions by 2070 demands transformative investments across energy systems, infrastructure, and climate resilience. Recent estimates suggest an annual requirement of around US$250 billion to scale low-carbon technologies and build climate resilience (Department of Economic Affairs 2025).

In May 2025, the Department of …


AI Preparedness in G20 Economies: Productivity Gains with Risks to Gender Equity

21/01/2026

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(Co-authored with Lekha Chakraborty)

Artificial intelligence (AI) is rapidly emerging as a general-purpose technology with the potential to drive significant productivity growth and reshape labour markets worldwide. Yet, as historical technological shifts have shown, its benefits are often unevenly distributed—both across countries and within them. In G20 economies, nations that …


Measuring Artificial Intelligence

21/01/2026

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(Co-authored with Lekha Chakraborty)

Artificial intelligence (AI) is no longer a distant promise—it is reshaping economies, labour markets, and societies at unprecedented speed. Yet, reliably measuring its spread remains challenging for policymakers. How do we capture not just frontier breakthroughs but also the broader diffusion that determines who benefits?

Existing …


Strengthening State Open Schools: A Need for a Dedicated and Focused Policy for School Dropouts

14/01/2026

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(Co-authored with Nikhil Rahangdale)

India has a strange problem in its school system where almost every child starts primary school, but a large number of them never finish high school. UDISE+ 2024–25 shows that while India enrolls 246.9 million students, only 64.8 million reach secondary grades. Dropout rates rise from …


Are households saving less?

12/01/2026

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In the years post Covid-19 household savings and investment behaviour has received much attention. There have been concerns of growing debt. Banks have expanded their lending to households, particularly in the category of housing loans. The share of personal loans in total non-food credit by households increased from 21.27% in …