The paper examines the issues in adapting flexible inflation targeting (FIT) for emerging markets. This framework is crucial for analysing the evolution and performance of FIT in India.

Janak Raj, Rahul Ranjan, Vrinda Gupta and Aakanksha Shrawan assess the role of fiscal transfers from the Union government compared to States’ own revenue in explaining their healthcare spending.

This study explores the relationship between economic growth and non-income components (health and education) of the Human Development Index (HDI) for 26 Indian states during the period from 1990 to 2019.

India must significantly increase its public spending on health and education, and ensure its effective targeting. This would reduce people’s out-of-pocket expenses, allowing them to allocate funds to their other crucial needs and strengthen the interlinkages between human development and economic growth.

This Working Paper examines the key aspects of the relationship between economic growth (EG) and human development (HD) at the all-India and the state-levels.