An autonomous research institute under the Ministry of Finance

 

Sustainable growth challenge: Dynamics of the Indian growth story

05/04/2019

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Gender gaps in labour force participation rates in India affect the “potential output” and also harm the inclusiveness of the growth process.
 
IMF’s World Economy Outlook recently reported that India’s real GDP growth forecast for FY19 remains at 7.3% while it is relatively higher at 7.5% for ...

Looking at budget through ‘gender lens’

05/04/2019

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The announcements for women in a budget are just the tip of the iceberg. An intelligent woman can ask: how much of these announcements are backed by real budgetary allocations?
 
The announcements for women in a budget are just the tip of the iceberg. An intelligent woman can ask ...

Fiscal Monetary Co-ordination: insights from Kalecki

05/04/2019

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The coordination of fiscal and monetary policy is a difficult challenge for all economies. Coordinating fiscal and monetary policy involves specifying an analytical framework that is shared by the institutions responsible for these policies, namely, the government and the central bank. Without such a framework there is dissonance about individual ...

How to analyse budget forecasting errors

04/04/2019

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Volatility in intergovernmental fiscal transfers has had significant impact on the forecasts of public deficits by state governments.

 

Does the ministry of finance produce biased budget forecasts in India? Does the electoral cycle predominantly determine the fiscal behaviour of the Centre? The answers to these questions can be unlocked ...

Missing the wood for the trees

04/04/2019

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Several commentators and economists have expressed concerns about the arithmetic underlying the government’s fiscal deficit calculations, spurred by a recent report by the Comptroller and auditor general (CAG). 
 
The report points out that 1) government has not reimbursed the Food Corporation of India and fertiliser companies fully for ...