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Sudipto Mundle
Sudipto Mundle is an Emeritus Professor and Member of the Board of Governors of the National Institute of Public Finance and Policy (NIPFP), New Delhi. He has served as a member of the Fourteenth Finance Commission, constituted by Government of India. Prior to this, he has also served as the Acting Chairman of the National Statistical Commission, Government of India; Member of the Monetary Policy Advisory Committee of the Reserve Bank of India (RBI); Member of the Board of Governors of the Institute of Economic Growth, New Delhi; and Chairman of the Research Advisory Committee of RIS, a think tank of the Ministry of External Affairs. He had also been a part of two steering committees of the Planning Commission for the 12th Five Year Plan.
Sudipto Mundle spent the major part of his career in various capacities in Asian Development Bank (ADB), including Chief Economist at the India Resident Mission. He retired from ADB in 2008 as a director in the Strategy and Policy Department. Prior to joining ADB, he served at the Indian Institute of Management, Ahmedabad; the Centre for Development Studies, Trivandrum; and the NIPFP, New Delhi; where he was RBI Chair Professor. Dr. Mundle was also a Japan Foundation scholar in Tokyo, Japan, 1979; a Visiting Fellow at the Institute of Social Studies in the Hague, the Netherlands, 1984; a Fulbright Scholar at Yale University, USA, 1985; and Joan Robinson Memorial Fellow at King’s College, Cambridge University, UK,1991.
His current research areas are macroeconomic policy modeling, rating the governance performance of Indian states, and a study of Bihar’s recent development experience.
He is Reviewer, Journal of Development Studies, UK, and International Journal of Advances in Engineering, Chennai.
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Subsidies, merit goods, and fiscal space - II
In Part I of this two-part series, the authors presented their estimates of total budget subsidies, and their merit and non-merit components. In this part, they discuss the relationship between subsidies and the delivery of specific public services, the comparative efficiency of subsidy use by different states, and the scope for rationalisation of subsidies as a part of deep fiscal reforms, in order to create fiscal space for reviving inclusive growth following the Covid-19 lockdown shock.
Union Budget 2018: The reality behind the rhetoric
In this article, Sudipto Mundle contends that given Union Budget 2018-19 was the current government’s last full budget before the next general election, headline-grabbing proposals were particularly important. Hence, a close scrutiny of the actual numbers is necessary, separating rhetoric from reality, to arrive at a sober assessment of the budget.
Budget subsidies of the central government and 14 major Indian states: 1987-88 and 2011-12
In this article, Mundle and Sikdar of NIPFP, present their estimates of the flow of subsidies through the budgets of the central government and 14 major Indian states in 1987-88 and 2011-12. The estimates show that the overall level of subsidies rela-tive to GDP has declined, as has the share of non-merit subsidies. This suggests some improvement in efficiency in this aspect of public expenditure.
Governance performance of Indian states: 2001-02 and 2011-12
Defining governance as service delivery, this column develops a measure of the quality of governance – also adjusting for the impact of the level of development - and provides a ranking of major Indian states. The analysis suggests that there are two distinct paths of development in the less- and more-developed states.
Consequences of the demonetisation shock
In this article, Sudipto Mundle, Emeritus Professor at NIPFP, contends that we are likely to see a significant dip in economic activity till January 2017 or even till the end of the current financial year because of the disruptive demonetisation shock.