The inaugural session of the ‘Fundamentals of Public Policy - Cohort 2.0’ was organized by the Center for the Study of Finance and Economics (CSFE), IMPRI Impact and Policy Research Institute (IMPRI), New Delhi on March 1st, 2024.
The inaugural session of the ‘Fundamentals of Public Policy - Cohort 2.0’ was organized by the Center for the Study of Finance and Economics (CSFE), IMPRI Impact and Policy Research Institute (IMPRI), New Delhi on March 1st, 2024.
As the world continues to globalise, accommodating new geopolitical alignments, technological paradigm shifts, and climate imperatives, the role of governments in their national economies is rising, both through policy and expenditure. In India, of the total government expenditure of 30% of GDP, two-thirds is carried out by state governments (see Table 2.7 of Economic Survey 2022-23, Statistical Appendix), including some spending financed by the Centre.
The methodology of data collection for the latest Household Consumption Expenditure Survey has changed in this round. Therefore, the survey results raise a lot of questions since alternative data is at variance with it.
MPCE data accounts for just 49 per cent of the consumption reported by GDP estimates. The destination weddings, designer clothes, fancy dining and wining, and exotic holidays probably remain Instagram posts, without finding mention in answers to pesky surveyors.
Cities in India are envisioned as engines of growth. Any meaningful long-term vision for India would be incomplete without planning for the cities and quite rightly, urbanization is considered as one of the country’s top developmental challenges.
Recorded contributions, whether via electoral bonds or plain contributions for which parties issue receipts, form only a part, probably a tiny part, of the total spending by political parties.