An autonomous research institute under the Ministry of Finance


Ongoing projects

Economic Assessment and Emerging Fiscal Scenarios in Madhya Pradesh

  • Start date March, 2022
  • Sponsor Atal Bihari Vajpayee Institute of Good Governance and Policy Analysis (AIGGPA), Bhopal, Government of Madhya Pradesh
  • Project leader Pinaki Chakraborty
  • Other faculty Amet Sapre
  • Focus
    This note presents a summary assessment of the emerging economic scenarios and fiscal performance of Madhya Pradesh in recent years and in particular after the onset of the Covid-19 pandemic. The note covers a brief assessment of the state economy, fiscal performance in terms of revenues, expenditures and debt, the emerging fiscal space in a post-Covid situation and a way forward for fiscal consolidation.

National Adaptation Communication – Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India

  • Start date Feb., 2022
  • Sponsor Policy inputs for Ministry, no funding. Ministry of Environment, Forest and Climate Change
  • Project leader Lekha Chakraborty
  • Other faculty Amandeep Kaur
  • Consultants/Other authors Ajay Narayan Jha
  • Focus
    The NIPFP study analyses the financing of adaptation in India. This document will be the part of National Adaptation Communication of India to be submitted by August 2022.

Public Expenditure and Financial Accountability (PEFA) Assessment for Uttarakhand

  • Start date April, 2022
  • Completion date March, 2023
  • Sponsor Government of Uttarakhand
  • Project leader Pratap Ranjan Jena
  • Other faculty Dinesh Nayak and Bhabesh Hazarika
  • Focus
    The NIPFP proposes to carry out the project Public Expenditure and Financial Accountability (PEFA) assessment for the state of Uttarakhand. The assessment will follow the established PEFA assessment methodology. The study will show the strengths and weaknesses of the public financial management (PFM) system in Uttarakhand and in the process will help authorities to take appropriate policy measures.

Third-party Assessment of Estimation of Gross State Domestic Product (GSDP) of Puducherry

  • Start date March, 2022
  • Sponsor Government of Puducherry
  • Project leader Amey Sapre
  • Focus
    Report on assessment of sources and methods of estimation of GSDP and on areas of improvement for compiling GSDP estimates. The assessment covers basic national account aggregates, such as GSDP by sectors, data sources and method of allocation of value added estimates and methodology for preparing advance estimates of GSDP.

NIPFP-DEA Research Programme

  • Start date April, 2022
  • Completion date March, 2024
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader R. Kavita Rao
  • Consultants/Other authors Radhika Pandey, Pramod Sinha, Rachna Sharma, Ashim Kapoor, Ritika Singh, Simran Kaur, Utsav Saksena, Kriti Wattal, Ramya R. Kumar and Anandita Gupta
  • Focus
    The objective of this Memorandum of Understanding is to establish a collaborative work process, between the Department and the Institute, which will enhance capacity at the Department in its tasks of financial and monetary institution building. Providing research and consultancy to the Department on issues related to implementation of Financial Sector Legislative Reforms Commission (FSLRC) recommendations, financial markets including Sovereign Credit Rating, Study of Debt Sustainability, Cryptocurrency-related matters and Payment and Settlement Systems (PSS), Research on potential of internationalization of the Indian currency, framing of rules and regulations of the Resolution Corporation (RC), Comprehensive foreign investment law, and Research assistance for establishment-related aspects of setting up a Financial Data Management Centre.