An autonomous research institute under the Ministry of Finance


Decisions by RBI Monetary Policy Committee


NIPFP blog author image
Against the backdrop of geopolitical risks and uncertainties, RBI’s Monetary Policy Committee (MPC) has decided to increase the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.50 per cent with immediate effect. However, it is no clear that RBI will take a break from ...

Kerala Budget: A plan for less painful fiscal consolidation


NIPFP blog author image
The fiscal consolidation framework mandates all state governments in India to keep their fiscal deficit-GDP ratio at 3.5 percent. The extra-borrowing powers (0.5 percent) of the states are linked to power sector restructuring. Kerala is not an exception to this rule. The fiscal deficit for 2023-24 is pegged ...

Budget: Going beyond the GDP


NIPFP blog author image
(Co-authored with Balamuraly B.)
The Union Budget was presented against the backdrop of geopolitical risks and macroeconomic uncertainties of mounting global inflation. The fiscal arithmetic however is grounded on the path towards fiscal consolidation, pegging a fiscal deficit to 5.9 per cent in FY 23 and to 4 ...

Fiscal Policy for Sustainable Development in Asia-Pacific' is an inspiring read on gender budgeting


blog author image
Book Review
Lekha Chakraborty, Fiscal Policy for Sustainable Development in Asia Pacific: Gender Budgeting in India, Palgrave Macmillan, 2021.
Until recently fiscal policy and government budgets were thought to be matters that had no differential impacts on the lives of women and men.  Dr. Lekha Chakraborty has ...

INTERVIEW: Economist Kavita Rao says 4.5% fisc aim may shift to FY27


NIPFP blog author image

Interview by Kavita Rao, Director NIPFP, given to Informist Media Pvt. Ltd. New Delhi, on January 20, 2023.


By Priyasmita Dutta and Krity Ambey


NEW DELHI – While staying the course on fiscal consolidation will be a priority for the upcoming Union Budget, the government may have to ...