Research & Commentary
Papers
Inflation Targeting in India: A Further Assessment
Barry Eichengreen and Poonam Gupta
A policy paper on horizontal devolution (Forthcoming)
India’s Debt Dilemma
Barry Eichengreen and Poonam Gupta
The State of the States: Federal Finance in India
Barry Eichengreen and Poonam Gupta
A policy paper on fiscal rules (Forthcoming)
A policy paper on growth convergence (Forthcoming)
Op-Eds
Op-Eds
21 Feb 2025
Road to Viksit Bharat: Need to Fix States’ Finances to Unleash
Development
Poonam Gupta
India’s public debt, at about 80 percent of GDP, is disproportionately
high for its per capita income. Yet committed constituencies...
Op-Eds
08 Feb 2025
Move Beyond the Set Menu
Poonam Gupta
After maintaining the status quo for nearly two years, the RBI has
lowered the policy repo rate by 25 basis...
Op-Eds
11 Apr 2024
Odisha’s Breakout Moment is here!
Poonam Gupta
Odisha, India’s eleventh largest state by population and fourteenth
largest by size of economy, has come a long way during...
Op-Eds
11 Mar 2024
What can Bihar, with per-capita income 30% of national average, do to
shed its low-income status?
Poonam Gupta
Bihar’s economy has grown faster than the national economy, but it
remains India’s poorest state in terms of per-capita income....
Op-Eds
08 Feb 2024
How Can Gujarat Defy the Middle-Income Trap?
Poonam Gupta
Gujarat has consistently ranked among the fastest growing States in
India. According to the World Bank’s income group classifications,
the...
Op-Eds
28 Jul 2023
India’s Debt Dilemma
Poonam Gupta & Barry Eichengreen
India was an outlier on fiscal outcomes pre-pandemic, and it drifted
further in the high-debt direction during COVID. At their...
Finance Commission Reports
The 1st Finance Commission Report
The 2nd Finance Commission Report
The 3rd Finance Commission Report
The 4th Finance Commission Report
The 9th Finance Commission Report
The 8th Finance Commission Report
The 7th Finance Commission Report
The 6th Finance Commission Report
The 5th Finance Commission Report
The 10th Finance Commission Report
The 11th Finance Commission Report
The 12th Finance Commission Report
The 13th Finance Commission Report
The 14th Finance Commission Report
The 15th Finance Commission Report
Report of 16th Finance Commission
The 16th Finance Commission was appointed by the Union Cabinet in January 2024. Their report will be made available in October 2025
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