An autonomous research institute under the Ministry of Finance


Ongoing projects

Public Financing of Health in India: The Way Forward

  • Start date July, 2017
  • Completion date June, 2020
  • Sponsor Bill and Melinda Gates Foundation
  • Project leader Rathin Roy
  • Other faculty Kavita Rao and other members of tax team, Mita Choudhury, Shruti Tripathi, Sudhanshu Kumar, Ranjan Kumar Mohanty
  • Consultants/Other authors Sujatha Rao, Jay Dev Dubey, Bidisha Mondal, Arpita Chakraborty, Pallabi Gogoi, Swati Gupta
  • Focus

    This research programme will undertake some of the groundwork required for suggesting an appropriate approach for public financing of health in 4 selected Indian States. The programme will be carried out in three stages. First, it will identify the resource contours within which health financing options will have to be built in the selected States. Secondly, it will analyse the existing nature of government spending on health in the four States, and review experiences with different approaches to public financing of health both in India and abroad. Thirdly, it will derive an understanding of the nature of health systems present in the selected States, and use the insights from the above analysis to outline appropriate policy choices for public financing of health in the four States.

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

Reform of the Government School system: Towards greater trust

  • Start date June, 2016
  • Completion date Jan., 2018
  • Sponsor Azim Premji University
  • Project leader Sukanya Bose
  • Consultants/Other authors Priyanta Ghosh (Research Scholar, JNU) and Arvind Sardana (Eklavya)
  • Focus
    Abstract: Bringing about equity and quality in education faces serious challenges. The enhanced demand for education especially among the most marginalised sections of the society has gone hand in hand with increasing stratification of education. The “crowding out” of public schools by private schools has led to opportunities for schooling being distributed in an unequal manner depending on income. On the other hand, the low standards of public education with the weak functionality of the government schools offers little alternative to the private sector schools, even if the latter is of largely ramshackle quality. Unless there are reforms in government schooling system, strong market advocates of low cost private schools will make deeper inroads.
    One of the main hurdles to proper reform of public schooling is the financial constraint. More and more people in policy circles seem to fall for the argument that proper government schools are simply not affordable from the point of view of the State, hence there is little sense in speaking of equity. Some authors demonstrate that even an allocation of 6% of GDP to the education budget would not be sufficient to fund universal school education if the reliance is to be wholly or even primarily on government school system. This study will attempt to examine the assumptions underlying the resource constraint model.
  • See details

    Project site

Study on How do disclosures affect financial choices? The Case of Life Insurance of India

  • Start date Jan., 2016
  • Completion date Oct., 2016
  • Sponsor International Growth Centre, The London School of Economic and Political Science
  • Project leader Ajay Shah
  • Focus

    To understand household motivation for the purchase of insurance products and evaluate the effectiveness of different disclosures formats for insurance products. 

Financial Globalisation and Economic Growth: An Empirical Investigation for South Asia

  • Sponsor ICSSR
  • Project leader N.R. Bhanumurthy