An autonomous research institute under the Ministry of Finance


The Finance Commission and public finance in Kerala


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(Co-authored with Balamuraly B.)
Asymmetric fiscal rules require wider discussion and debate, as Kerala has highlighted
Public debt management is getting wider attention in Centre-State financial relations, against the backdrop of recently constituted Sixteenth Union Finance Commission. One of the States in India, Kerala, had filed a suit ...

Union Budget 2024: Amid global headwinds, there is no room for irrational expectations


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The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26.
Against the backdrop ...