NIPFP is a premier research institution in public economics and policies. The institute has made significant research contribution in the area of revenue and taxation, fiscal management, public expenditure, macro-economic policies, fiscal federalism and other public finance and policy issues both at the Central and the State-level. Being the largest think-tank  on public economics and policies in India, the institute faces an overwhelming demand for research in these areas. Most of the studies are undertaken at the instance of Central and State governments in India, and bilateral and multilateral lending institutions. Collaborative research is also undertaken with accademic institutions both in India and abroad. The institute has also undertaken research for a few other countries at the request of the Government of those couontries. Besides sponsored studies, the faculties at NIPFP also undertake a number of research studies in public finance and other policy areas of their interest.