An autonomous research institute under the Ministry of Finance


Ongoing projects

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

The implementation of WDRA Transformation Programme

  • Start date Jan., 2016
  • Completion date June, 2017
  • Sponsor The Warehousing Development and Regulatory Authority (WDRA)
  • Project leader Ajay Shah
  • Other faculty M/F Team
  • Focus

    To provide policy and analytical support to the WDRA for the implementation of WDRA Transformation plan its various components.

Research on Business Cycle

  • Start date July, 2010
  • Completion date Jan., 2016
  • Sponsor India Value Associates
  • Project leader Ajay Shah, Ila Patnaik
  • Other faculty Rudrani Bhattacharya
  • Focus

    To conduct new research on business cycle phenomena in India.