An autonomous research institute under the Ministry of Finance

 

Past projects

Organisation Design and Internal Processes for Establishing an Effective National Council for Vocational Education and Training” (“NCVET”)

  • Completion date Dec., 2022
  • Sponsor Omidyar Network Services
  • Project leader Ila Patnaik
  • Consultants/Other authors Pratik Datta, Sarang Moharir
  • Focus
    The study to improve the quality of skills development programs throughout India by providing assistance to NCVET (established by merging two regulatory bodies, NCVT and NSDA. The study will produce a design for NCVET; identify the priority areas, list the important functions and processes required to be performed by the NCVET. The study will also identify the important regulatory instruments, contracts and guidelines that the NCVET will be required to issue and enforce soon after its establishment. NIPFP will engage with the Ministry of Skill Development and Entrepreneurship (“MSDE”) and other stakeholders to assist in the development of an implementation plan for the establishment of the NCVET, and shall organize consultations and meetings in this regard (Feb 2019-Aug 2019).

Public Expenditure Management in Assam

  • Completion date Dec., 2022
  • Sponsor Government of Assam
  • Project leader Pratap Ranjan Jena
  • Focus

    The report was part of an overarching study on Assam State Finances. The report analysed Public expenditure management system of Assam including budget management processes and systems, compliance of the Government to various objectives of the fiscal rules, resource management, internal audit and control mechanism, accounting and reporting, and procurement systems. The report suggested reform measures to bring in performance orientation to the budgeting environment, multi-year spending perspective, strengthening fiscal rules, inculcating transparency and hard budget constraint, improving prioritization in spending pattern and improving technical efficiency. 


Grant Agreement between Omidyar Network Fund, INC. and the NIPFP

  • Start date March, 2018
  • Completion date Dec., 2022
  • Sponsor OMIDYAR
  • Project leader Renuka Sane

Fiscal sustainability Analysis

  • Start date April, 2021
  • Completion date Dec., 2022
  • Sponsor World Bank
  • Project leader Pinaki Chakraborty
  • Other faculty Manish Gupta
  • Consultants/Other authors Smriti Mehra

An Assessment of Attitudes towards Tax Policy and Compliance

  • Start date Jan., 2022
  • Completion date Dec., 2022
  • Sponsor Self-Initiated
  • Project leader R. Kavita Rao
  • Focus
    Approaching the question of increasing tax to GDP ratios from the taxpayer’s perceptions, the study aims to explore whether people’s perceptions in India about tax compliance by citizens is related to their perceptions about fairness and ease of compliance on the one hand and on the perceived benefits from government spending on the other. The study proposes to survey about 150-200 individuals of different backgrounds to explore whether there are differences in perceptions. This study can be considered a pilot which could be expanded to a larger scale survey, if the initial results are found interesting.

Post Pandemic Budget Management: Learning from the Experience of Budget Credibility at Sub-national Level

  • Start date March, 2021
  • Completion date Dec., 2022
  • Sponsor NIPFP
  • Project leader Pratap Ranjan Jena
  • Consultants/Other authors Abhishek Singh
  • Focus

    Post pandemic budget management requires securing and using resources effectively, efficiently and transparently, given the prevailing economic distress and revenue shortfall.  Failure to implement the budgets as planned may result in the shifting of spending priorities, exceeding of deficit targets, and compromising on critical service delivery promises. This issue has become more important as a deepening economic slowdown has put government finances under stress. This paper assesses the budget credibility of states in India to explain their ability to implement planned activities and respond to fiscal stress. It also focuses on strengthening the institutional framework to utilize fiscal instruments optimally for better service delivery and development.


Analysis of Tax Disputes in India (continuation)

  • Start date March, 2020
  • Completion date Dec., 2022
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Suranjali Tandon
  • Consultants/Other authors Adithya Reddy
  • Focus

    The project involves a detailed review of the international tax dispute resolution mechanisms in India and an international comparison of best practices to find ways to improve the dispute resolution system in India.


Macroeconometric Modelling for the Indian Economy (continuation)

  • Start date Feb., 2021
  • Completion date Dec., 2022
  • Sponsor Self-Initiated
  • Project leader N. R. Bhanumurthy
  • Other faculty Sukanya Bose
  • Focus

    The aim is to find answers to current macroeconomic policy choices, given various external shocks, through policy simulation exercises. Simulations of the impact of external shocks on growth, inflation, external and fiscal balance will be worked out, based on a re-estimation of the NIPFP macro-econometric model, using latest data.  One of the questions of interest is the impact of the FRBM roadmap proposed by the Fifteenth Finance Commission, on macro-outcomes.


Taxation of Financial Markets in India (continuation)

  • Start date March, 2020
  • Completion date Dec., 2022
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader R. Kavita Rao
  • Other faculty Suranjali Tandon
  • Consultants/Other authors Adithya Reddy
  • Focus

    The choice of capital and investment decisions by corporations depend on the different treatment of debt and equity. This project provides a detailed review of tax treatment of instruments and its impact on the economy.


Fiscal Federalism and Gender Equality

  • Start date Jan., 2021
  • Completion date Dec., 2022
  • Sponsor Forum of Federation
  • Project leader Lekha Chakraborty
  • Consultants/Other authors Divy Rangan (worked till June 2021)
  • Focus
    The project analyses the plausible links between gender and federalism with special emphasis on tax transfers, expenditure assignments and fiscal decentralization.

Devolution of funds to ULBs under State Finance Commissions in Haryana: A critical Review

  • Start date April, 2021
  • Completion date Dec., 2022
  • Sponsor Government of Haryana
  • Project leader Manish Gupta
  • Consultants/Other authors Smriti Behl, Sampreet Kaur

Study on Gender Sensitive Budgeting on School Education

  • Start date Jan., 2019
  • Completion date Dec., 2022
  • Sponsor National Coalition for Education
  • Project leader Sukanya Bose and Anuradha De, Collaborative Research and Dissemination (CORD)
  • Focus

    Gender budget is an analytical tool which scrutinizes the government budget to reveal its gender-differentiated impact and advocate for greater priorities for programmes and schemes to address the gender-based disadvantages that women face. The objective is to understand the policies and practices on gender budgeting in their application to the school education sector.  Do gender budgets exist? If yes, how meaningful are these as a tool for planning and prioritisation for education of girls? What is the pattern of education spending on girls as reflected in the budgets? What kind of improvements in data are required for a more meaningful gender budgeting exercise? 


Public Procurement of Technology Innovation

  • Start date Nov., 2021
  • Completion date Dec., 2022
  • Sponsor Initiated by the Data Management and Analysis, and Frontier Technologies Vertical of NITI Aayog, Government of India
  • Project leader Anna Roy and Bhabesh Hazarika
  • Focus
    The study provides an understanding of procurement of technology as-a-service (PTaaS) with specific to drone technology. More importantly, the report attempts to develop a model document that may be used as a reference in guiding the procurement of drones by government entities in delivering public services.

Sources and Methods of Estimation of GSDP of Puducherry: A Third-party Assessment

  • Start date April, 2022
  • Completion date Dec., 2022
  • Sponsor Government of UT of Puducherry
  • Project leader Amey Sapre
  • Consultants/Other authors Vaishali Bhardwaj
  • 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.

Revisiting the Issues of State Finances in India: Some Empirical Investigations

  • Start date Nov., 2021
  • Completion date Dec., 2022
  • Sponsor Self-Initiated
  • Project leader Bhabesh Hazarika
  • Other faculty Dinesh Kumar Nayak
  • Focus
    The objective of the study is to analyse various issues and implications on state finances.

The "Scissors Effect" of Covid 19 Pandemic on State Finances: Emerging Evidence on Expenditures

  • Completion date Dec., 2022
  • Sponsor Bill and Melinda Gates Foundation (BMGF) under Approaches to Public Financing of Health in India: The Way
  • Project leader Mita Choudhury
  • Consultants/Other authors Pritam Datta, Rohit Dutta, Rashi Mittal, Garima Nain, Ragini
  • Focus

    This study analyses changes in the revenues and expenditures of major states of India in 2020-21 vis-a-vis 2019-20 (the reference year). On revenues, we examine component-wise changes and transfers from the Central government. On expenditures, we carry out analysis at the sectoral level to understand varied response across states in protecting social sector spending vis-a-vis spending in economic sectors during the pandemic. Aggregate data provided by the CAG, Monthly Civil Accounts compiled by the office of the Principal Auditor General (PAG) in states and revised figures provided in state budgets are used to draw conclusions.


Issues around spending in education and resource transfers at the state level

  • Start date April, 2021
  • Completion date Nov., 2022
  • Sponsor World Bank
  • Project leader Sukanya Bose
  • Consultants/Other authors Noopur

Study on Sub-national Actions to accelerate financing for the SDGs / increasing Fiscal Space for SDGs for the Sub-national Governments

  • Start date Sept., 2022
  • Completion date Nov., 2022
  • Sponsor UNDP
  • Project leader Suranjali Tandon
  • Consultants/Other authors Archita Sridhar

Towards a Grievance Redress Management Framework in Consumer Finance for India

  • Start date Nov., 2019
  • Completion date Oct., 2022
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Renuka Sane
  • Consultants/Other authors Mithila A Sarah, Ananya Goyal, Sudipto Banerjee, Sristhi Sharma, Karthik Suresh, Suresh Kumar, Madhur Mehta, Kusan Biswas, Karan Gulati, Aditi Dimri
  • Focus
    The objectives of the study are to:
    Understand what the global best practices on grievance redress management (GRM) are and arrive at the principles of a good GRM. How is technology leveraged to make GRM more accessible, especially in large countries with significantly poor populations.
    Evaluate consumer experiences with the existing products and GRMs to understand what households do when faced with a problem.
    Evaluate the impact of the existing GRMs on households’ decision making on participation in financial markets and to analyse the past experience and how they are   related to the additional flows into physical assets. 
    Evaluate the heterogeneity in how household responses differ by their characteristics.  The study will also attempt to understand whether households in higher income deciles fare better than those in the lower income deciles by finding answers to few queries: do the poor face a disproportionate welfare loss; how does the response differ by risk appetite; how does it differ by their rates of time preference?
     

Fiscal Policy for Sustainable Development in Asia-Pacific: Gender Budgeting in India)

  • Start date Jan., 2022
  • Completion date Oct., 2022
  • Sponsor Self-Initiated
  • Project leader Lekha Chakraborty
  • Focus
    The study analyses the gender budgeting experiences in Asia-Pacific, with special reference to India at national and sub-national levels of governance. This is being published by Palgrave Macmillan.

Projection of Revenues, expenditure, deficits, and debt of Union Government

  • Start date Sept., 2022
  • Completion date Oct., 2022
  • Sponsor EAC-PM
  • Project leader Supriyo De
  • Other faculty Manish Gupta
  • Consultants/Other authors Adam Hussain and Saakshi Rathi

Baseline study of GRM Mechanism (Grievance Redressal Models for Financial Inclusion in India)

  • Start date Nov., 2021
  • Completion date Sept., 2022
  • Sponsor Bill & Melinda Gates Foundation – GRM
  • Project leader Renuka Sane
  • Consultants/Other authors Srishti Sharma, Aishwarya Gawali, Margi Pandya and Nancy Gupta
  • Focus
    The objective of the study is to:
    􀀁 What do households do when faced with a financial grievance – whether they know how this grievance can be resolved and whether they get a satisfactory response when they approach the GRM mechanism established by the financial institutions and the regulators?
    􀀁 The impact of these GRMs on the household’s decision making on participation in financial markets and test the hypothesis of whether past grievances with formal financial products may be related to additional flows into physical assets.
    􀀁 To evaluate the differences in households’ responses by their characteristics – whether those in higher income deciles fare better than those in the lower income decile, whether the poor face a disproportionate welfare loss, whether their responses differ by risk appetite and rates of time preference. This will include measurement of ‘risk preferences’ and ‘time preferences’ of households. There will be a special emphasis on the experiences of the ‘poorest of the poor’ and women, including those in rural areas, who are likely to have less agency in general.

Research and Consultancy Support to Pandit Deendayal Upadhyay Centre for Training and Research in Financial Administration, Government of Uttarakhand, Dehradun

  • Start date July, 2021
  • Completion date Aug., 2022
  • Sponsor Pandit Deendayal Upadhyay Centre for Training and Research in Financial Administration (PDU-CTRFA), Government of Uttarakhand
  • Project leader Pratap Ranjan Jena
  • Other faculty Dinesh Nayak, Bhabesh Hazarika and Manish Gupta
  • Focus
    Detailed training modules on various aspects of public financial management systems are being prepared. These include:
    􀀁 Key Constitutional Provisions, Acts and Rules under PFM
    􀀁 Medium Term Fiscal Framework
    􀀁 Budget Execution and Commitment
    􀀁 Public Investment Management
    􀀁 Cash and Debt Management.

Pradhan Mantri Jan Arogya Yojana (PMJAY): Design Contours, Emerging Patterns and Cost to the Government

  • Start date Oct., 2020
  • Completion date June, 2022
  • Sponsor National Health Agency, Government of India
  • Project leader Mita Choudhury
  • Consultants/Other authors Dweepobotee Brahma and Pritam Datta
  • Focus

    The Central Government initiated a country-wide health insurance scheme for the bottom 40 per cent of population through the Pradhan Mantri Jan Arogya Yojana (PMJAY). This flagship scheme is expected to attract a significant amount of public spending in the next couple of years. We examine the accessibility to the scheme and claims in the first three years to highlight the emerging contours and their implications for the fiscal burden as well as the effectiveness of public spending on the scheme. 


Intra-State distribution of Public Spending on Health in Gujarat: Horizontal and Vertical Equity.

  • Start date Aug., 2021
  • Completion date June, 2022
  • Sponsor BMGF under Approaches to Public Financing of Health in India: The Way Forward
  • Project leader Mita Choudhary
  • Consultants/Other authors Jay Dev Dubey
  • Focus
    The study uses information on withdrawals from state treasuries to analyse distribution of public spending on health within the state of Gujarat

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

  • Start date Feb., 2022
  • Completion date June, 2022
  • Sponsor pro bono, Ministry of Environment, Forest and Climate Change
  • Project leader Lekha Chakraborty
  • Other faculty Ajay Narayan Jha, Amandeep Kaur
  • Consultants/Other authors Jitesh Yadav
  • Focus

    The NIPFP study analysed the financing of adaptation in India for MoEFCC, GoI. The study examined the total amount of spending done by the Union Government on adaptation mechanisms to combat climate change for the year 2022-23 FY. 


Impact of Covid-19 on Education Financing

  • Start date Oct., 2021
  • Completion date June, 2022
  • Sponsor National Coalition for Education
  • Project leader Sukanya Bose
  • Consultants/Other authors Harshita Sharma (National Coalition for Education)
  • Focus
    How has Covid-19 pandemic and the consequent lockdown impacted budget for school education in India? The issue is explored at the level of the Union Government and two State governments – Delhi and Bihar. The study will attempt to generate a set of actionable recommendations on how to ensure that increased and well-targeted education financing is invested in achieving gender-responsive, equitable and inclusive education.

Revision of Template and Manual for the Indian Public Finance Statistics

  • Start date April, 2021
  • Completion date June, 2022
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader H.K. Amarnath
  • Other faculty Manish Gupta, and Sri Hari Nayudu A.
  • Focus
    In view of the recent changes in Central transfers to states, Central support to states budget, tax structures (introduction of GST) and discontinuation of plans, the contents of Indian Public Finance Statistics (IPFS) need changes. There is a need for discontinuation of certain sections while others need restructuring. The study would examine the chapters/ sections/ tables which can be discontinued; where additional information needs to be included in the context of recent developments and; would suggest additions or deletion in the existing table formats and prepare a format and fill in the data for two years. It would also suggest changes in the adjustments made in the existing document.

Assam Sub-national Fiscal Sustainability Analysis and Fiscal Risks

  • Start date April, 2022
  • Completion date June, 2022
  • Sponsor World Bank, New Delhi
  • Project leader Manish Gupta
  • Consultants/Other authors Sonal Agarwal

Complementing Public Provisioning in Health: Do Public and Private Providers co-exist?

  • Start date Aug., 2021
  • Completion date June, 2022
  • Sponsor BMGF under Approaches to Public Financing of Health in India: The Way Forward
  • Project leader Mita Choudhary
  • Consultants/Other authors Pritam Datta
  • Focus
    The study is trying to analyse the spread of public and private health providers and their coexistence, if any. It provides insights on the potential complementarity between public and private health providers in India.

Data Analytics for Guarantee Schemes for CGTMSE

  • Start date July, 2021
  • Completion date June, 2022
  • Sponsor Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
  • Project leader Renuka Sane
  • Consultants/Other authors Ananya Goyal and Mithila A. Sarah
  • Focus
    Data collection and analyse including with limitation, econometrics, economic and policy research.
    􀀁 Data universe definition
    􀀁 Data analytics
    􀀁 Policy review, reporting and governance

Recommendations of the Fifteenth Finance Commission: Implications for Health Spending at the State Level

  • Start date Sept., 2021
  • Completion date May, 2022
  • Sponsor BMGF under Approaches to Public Financing of Health in India: The Way Forward
  • Project leader Mita Choudhary
  • Consultants/Other authors Garima Nain
  • Focus
    The study is trying to analyse the implications of the recommendations of the Fifteenth Finance Commission for health spending at the state level.

Economic Assessment and Emerging Fiscal Scenarios in Madhya Pradesh

  • Start date Nov., 2021
  • Completion date May, 2022
  • Sponsor Atal Bihari Vajpayee Institute of Good Governance and Policy Analysis (AIGGPA), Bhopal, Government of Madhya Pradesh
  • Project leader Pinaki Chakraborty
  • Other faculty Amey 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.

Impact of Withdrawal of GST Compensation on Revenues of Andhra Pradesh

  • Start date Feb., 2022
  • Completion date April, 2022
  • Sponsor Commercial Taxes Department, Government of Andhra Pradesh
  • Project leader R. Kavita Rao
  • Other faculty Bhabesh Hazarika and Sri Hari Nayudu A.
  • Focus
    Andhra Pradesh is one of the states that have been experiencing revenue shortfalls on account of GST implementation. Thus, any shock in lieu of withdrawal of GST compensation on revenue collections may have implications for the fiscal management for the state. Similarly, since there have been discussions on the projected nominal growth rate of revenue subsumed for a state during the transition period (fixed at 14 percent per annum), it is unlikely that the rate will continue even if the Union Government decides on extension of GST compensation period. With this background, the present report undertakes a holistic assessment of the possible impacts of withdrawal of GST compensation on revenues of the state. It also throws light on the possible designs of continuation of GST compensation beyond June 2022 reducing the severity of the impact on state finances and burden on the Centre as well as rate rationalization taking into account Andhra Pradesh, in particular.

Stress in the Financial Markets

  • Start date Jan., 2021
  • Completion date March, 2022
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader Ila Patnaik
  • Consultants/Other authors DEA Team

Note on the Size of the Banking Sector in India and Measures to increase the Size

  • Start date April, 2021
  • Completion date March, 2022
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader Ila Patnaik
  • Consultants/Other authors DEA Team

Review and Assessment of the Functioning of State Finance Commissions in Indian States

  • Start date Dec., 2021
  • Completion date March, 2022
  • Sponsor UNICEF India
  • Project leader Manish Gupta
  • Consultants/Other authors Smriti Behl, Sonal Agarwal, Devyani Gupta and Priyanshi Garg
  • Focus
    The objective of the study is to review the functioning of SFCs and effectiveness of their recommendations in strengthening the process of decentralization in India.

Performance of the Indian Manufacturing Sector: Contribution to GVA and Investment

  • Start date June, 2021
  • Completion date March, 2022
  • Sponsor Ministry of Corporate Affairs
  • Project leader Ila Patnaik
  • Consultants/Other authors Pramod Sinha and Rachna Sharma
  • Focus
    The study proposes to:
    􀀁 Analyse the annual financial statements of firms in the manufacturing sector to generate growth estimates based on gross value addition (GVA): a key metric to measure economic growth.
    􀀁 Study the state and pattern of additional capacities built by the manufacturing sector using the firm’s ‘Asset’ statement of the balance-sheet.
    􀀁 Undertake granular analysis of the sub-sectors within Manufacturing to assess performance by Industry.

EAC-PM –Quarterly Reports on Indian Economy and Two Studies on Relevant Topics suggested by EAC-PM (Two Reports)

  • Start date Feb., 2022
  • Completion date March, 2022
  • Sponsor Economic Advisory Council to the Prime Minister (EAC-PM)
  • Project leader Pinaki Chakraborty
  • Other faculty Lekha Chakraborty, Manish Gupta, Dr. Rudrani Bhattacharya and Dinesh K. Nayak
  • Focus
    In continuation with the earlier MoU with EAC-PM for the period October 2020 to September 2021, a new MoU was signed in February 2022 with the reconstituted EAC-PM (October 2021) to continue providing them quarterly reports on Indian economy and two focused research papers on relevant themes identified by the Council. So far one report has been submitted for the period October-December 2021 to January-March 2022.

Medium Term Fiscal Plan for Sikkim: 2022–2023

  • Completion date March, 2022
  • Sponsor Government of Sikkim
  • Project leader Pratap Ranjan Jena
  • Focus
    The report presented the Medium Term Fiscal Plan (MTFP) for the Government of Sikkim for the years 2020–21 to 2022–23. The MTFP 2020–21 provided fiscal policy objectives and projected fiscal targets in the ensuing budget year and two outward years. The report was based on the existing macro-fiscal environment, taking into consideration the requirements of the FRBM Act in Sikkim. The report projected the fiscal variables for three years, including the budget year, aligning with the stipulation of the FRBM Act.

Performance of the Indian Manufacturing Sector: Contribution to GVA and Investment

  • Start date March, 2021
  • Completion date March, 2022
  • Sponsor Ministry of Corporate Affairs (MCA)
  • Project leader Ila Patnaik
  • Consultants/Other authors Pramod Sinha, Madhur Mehta
  • Focus

    A number of studies have highlighted the methodological concerns with the new base year GDP series and discussed the discordant trends in the growth estimates arrived at using the two base year series. There is relatively scarce literature on attempting to arrive at an estimate of growth using the annual financial statements of firms. This could give us insights on the growth story. This study proposes to analyse the annual financial statements of firms in the manufacturing sector to generate growth estimates based on gross value addition (GVA), a key metric to measure economic growth. 


Tax Challenges arising from Digitalisation

  • Start date April, 2021
  • Completion date March, 2022
  • Sponsor Self-Initiated
  • Project leader Suranjali Tandon
  • Focus
    The study examines in detail the pillar one and two proposals to find the most viable solution for India.

NIPFP-DEA Research Programme

  • Start date April, 2021
  • Completion date March, 2022
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader Ila Patnaik
  • Consultants/Other authors Radhika Pandey, Pramod Sinha, Rachna Sharma, Ganesh Gopalakrishnan, Devendra Damle, Ashim Kapoor, Aruma Khan, Utsav Saksena, Simran Kaur, Ramya Rajasri Kumar, Kriti Wattal, Ritika Singh and Anandita Gupta
  • Focus
    The objective of the programme is to provide 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 & Settlement System (PSS). Research on potential of internationalization of Indian currency, framing of rules and regulations of the Resolution Corporation (RC), comprehensive foreign investment law, and research assistance for establishmentrelated aspects on setting up of Financial Data Management Centre.

The Covid Pandemic and Finances of Rajasthan: Issues and Options

  • Start date Sept., 2021
  • Completion date March, 2022
  • Sponsor Chief Minister’s Rajasthan Economic Transformation Advisory Council (CMRETAC)
  • Project leader Pinaki Chakraborty
  • Other faculty Manish Gupta
  • Consultants/Other authors Smriti Mehra
  • Focus
    The objectives of the study are to (a) analyse fiscal management of the state to address structural issues which are under the control of the State  Government; (b) analyse fiscal management of the Union to assess the impact on the state’s revenue in the foreseeable future; (c) analyse the impact of the first and second wave of Covid-19 on the Union and the state to help the state introduce necessary revenue and expenditure side measures to manageably absorb the impact of Covid-19 induced economic shock; and (d) analyse the prospective economic impact of the potential third wave and suggest ways to help the state economically prepare for any such eventuality.

Note on Financial Stress Indicators for India

  • Start date April, 2021
  • Completion date March, 2022
  • Sponsor Department of Economic Affairs, Ministry of Finance
  • Project leader Ila Patnaik
  • Consultants/Other authors DEA Team

More Health Per Rupee: Efficiency of Public Spending and Delays in Disbursal

  • Start date May, 2021
  • Completion date Feb., 2022
  • Sponsor BMGF under Approaches to Public Financing of Health in India: The Way Forward
  • Project leader Mita Choudhary
  • Consultants/Other authors Dweepobotee Brahma
  • Focus
    This paper conducts efficiency analysis of public spending on healthcare in India. Using state-level panel data on public spending compiled from budgets, we estimate the efficiency of public spending across different states in India. We also rank the states based on their technical efficiency. Further, using administrative data on delays in fund disbursal to state health societies and vacancies in healthcare workforce, we estimate their elasticities on technical efficiency.

The ‘Scissors Effect’ of Covid-19 Pandemic on State Finances: Emerging Evidence on Expenditures.

  • Start date Aug., 2021
  • Completion date Jan., 2022
  • Sponsor BMGF under Approaches to Public Financing of Health in India: The Way Forward
  • Project leader Mita Choudhary
  • Consultants/Other authors Pritam Datta
  • Focus
    The Covid pandemic imposed dual pressures on state finances. Contraction in revenues was coupled with an increased pressure to expand public spending. Evidence from 26 states suggests that aggregate revenues fell by about 5 percent in 2020-21. Despite this fall, states have maintained a 5 percent average growth rate of aggregate spending. Public expenditure in social sector grew at a significantly higher rate than economic services. Within social services, health expenditure grew at 16 percent. This rise in health spending has, however, come at the cost of expenditures in important sectors like education, nutrition, and social security.

Emerging Trends in Morbidity and Hospitalization in India: A Critical Assessment

  • Start date June, 2021
  • Completion date Jan., 2022
  • Sponsor BMGF under Approaches to Public Financing of Health in India: The Way Forward
  • Project leader Jay Dev Dubey
  • Focus
    The 75th round of survey on social consumption on health conducted by the National Sample Survey Organisation (NSSO) suggests that there has been a significant fall in morbidity rate in India in the three-year period 2014 to 2017-18. The magnitude of this fall is not only remarkably sharp, but also is in contrast to the rising trends in morbidity levels in the country for nearly the past two decades. This paper digs into methodological issues to understand the reliability of the emerging patterns. The relevance of the assessment stems from the fact that the survey has implications for health policy formulations.