Below are the research projects that I have undertaken yet, and the ones I am working on.

Link to the Blog - 


COVID-19 and Economic Stimulus Packages: Evidence from the Asia-Pacific Region with Lekha Chakraborty,  Amandeep Kaur, Jannet Farida Jacob.

Published by NIPFP Publications, 2021.

Chapter in Books

Ecological Fiscal Transfers and State-Level Budgetary Spending in India: Analyzing the Flypaper Effects with Lekha Chakraborty,  Amandeep Kaur, and Ranjan Kumar Mohanty

Published in Springer Nature Singapore  

India’s Contemporary Macroeconomic Themes, Chapter 18 (Edited by D. K. Srivastava, and Dr. K. R. Shanmugam)

Environmental Federalism in an Emerging Economy : An Empirical Analysis with Lekha Chakraborty,  Amandeep Kaur, Ranjan Kumar Mohanty, and Sanjana Das.

To be Published in Oxford University Press (Accepted)

Fiscal Policy and Public Financial Management, Chapter. (Edited by Dr. K. R. Shanmugam, and Dr. Pinaki Chakraborty) (expected in late-2024)

Research Articles:

Ecological Fiscal Transfers and State-level Budgetary Spending in India with Lekha Chakraborty, Amandeep Kaur, and Ranjan Kumar Mohanty ; Economic and Political Weekly, Vol. 58, Issue No. 14, April 8, 2023.

The empirical evidence of flypaper effects in the ecological fiscal spending in India is examined. Using the panel data models, it is analysed whether the intergovernmental fiscal transfers, or the states’ own income, determine the expenditure commitments on ecology at the state level. The econometric results show that the intergovernmental fiscal transfers rather than the states’ own income determine ecological expenditure at subnational levels in India. The results hold when the models are controlled for ecological outcomes and demographic variables.

Working Paper: NIPFP, Levy Institute (Full-version)

COVID-19 Economic Stimulus and State-level Performance of Power Distribution Companies with Amandeep Kaur and Lekha Chakraborty ; Economic and Political Weekly, Vol. 56, Issue No. 43, October 23, 2021.

As part of the COVID-19 economic stimulus package, the Government of India increased the borrowing limit of the states from 3% to 5% of the gross state domestic product. The power sector reform at the state level is one of the criteria to avail this extra borrowing. The efficiency parameters of the power sector are analysed here, and it is observed that there are statewise differentials in the financial and operational parameters. The average aggregate technical and commercial losses that should have been 15% by 2018–19, presently, on average, stand at 26.15%. The average cost of supply–average revenue realised has also widened. The operational parameters indicate widening inefficiencies across states in the power infrastructure.

Working Paper: NIPFP (Full-version)

COVID-19: Global Diagnosis and Future Policy Perspective with Lekha Chakraborty ; Prajnan (Journal of Social and Management Sciences), Vol. XLIX, No.1, 2020-21: National Institute of Bank Management, Pune

We analysed the macroeconomic policy responses to COVID-19 pandemic and the impact of the pandemic on economic growth, and the level of consumption. The covid 19 crisis is a dual crisis - public health crisis and a macroeconomic crisis. The policy responses to this crisis have been a ‘life versus livelihood’ sequencing and the findings are such that global cooperation, and domestic macroeconomic policies complementing with exit strategy to solve the economic disruptions in supply chains can be helpful.                          

Working Paper: NIPFP

Urban Policy Failure in Delhi: A Case of Unauthorised Colonies with Prerna Prabhakar and Aman Agarwal ; Urban India, Vol 39(II), July-December 2019: National Institute of Urban Affairs, New Delhi

There is inadequate formal housing stock at affordable prices to accommodate the surging population of Delhi. According to the projections, Delhi needs 24 lakh new housing units by the year 2021. Of these, 54per cent are required for the Economically Weaker Section (EWS) and Low Income Group (LIG). When the migration flow confronts the lack of developed and planned settlements at affordable prices, it results in formation of unplanned and informal settlements in the city. Unauthorised colonies (UAC) is one form of such informal housing which has been growing at an unprecedented rate, hence becoming a reflection of ineffective urban planning in the city. As an area that needs attention to ensure sustainable housing in the city, this paper attempts to flag the economic implications of such an informality in order to shift the attention of policy makers in this direction. In addition to this, this paper delves into the institutional aspect of unauthorised colonies to understand the depth of the problem. The paper reports the results from a pilot survey of five selected colonies to bring out significant insights with regard to certain socio-economic factors. Although the survey was conducted well before the recent ‘National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019’ that was passed in Parliament to confer ownership rights to Delhi’s UAC residents, this paper discusses the potential impact of this bill and the gaps that prevail in its structure.

Working Papers: 

Public Financial Management and Budgeting for Children: Evidence from Telangana, India with Lekha Chakraborty, and Anindita Ghosh

Working Paper: NIPFP

Analysing Fiscal Federalism in Global South: South Africa, Kenya, Ethiopia and Nepal with  Lekha Chakraborty, Gurleen Kaur, Amandeep Kaur, and Jannet Farida Jacob.

Working Paper: NIPFP

Media Articles/ Opinion Pieces :

Published on February 2, 2023 in Money Control

Published on February 16, 2022 in Financial Express

Published on January 28, 2021 in Financial Express ; Blog : NIPFP

Published on January 31, 2020 in Financial Express ; Blog : NIPFP


The NCAER Land Records and Services Index (N-LRSI 2020) – National Council of Applied Economic Research(NCAER); Report No- 20200202

Released on February 27, 2020


Effects of Political Regimes on Economic Growth : A Review 

(Re)Assessing the relationship between Industrial Productivity and GDP (using Granger Causality)

Effects of Male Born Child on the usage of Clean Fuel in Rural India with Sanskriti Bahl

Contribution to other researches: 

Published on August 14, 2021 in Economic and Political Weekly(Vol. 56, Issue No. 33)

Fiscal Federalism, Expenditure Assignments and Gender Equality by Lekha Chakraborty

Working Paper: NIPFP

Published on February 27, 2021 in Economic and Political Weekly(Vol. 56, Issue No. 9)

Published on February 29, 2020 in Economic and Political Weekly(Vol. 55, Issue No. 9)

Natural Resources Revenue Buoyancy in India: Empirical Evidence From State-specific Mining Regime by Lekha Chakraborty, Emmanuel Thomas and Piyush Gandhi

Working Paper: RePEc 

Budget Credibility of Subnational Governments: Analysing the Fiscal Forecasting Errors of 28 States in India by Lekha Chakraborty, Pinaki Chakraborty and Ruzel Shrestha

Working Paper: Levy Economics Institute