Applied Economic Policy Course for In-service Officers

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The course is designed to strengthen participants' ability to comprehensively assess a country's macroeconomic situation, including:
- the current state of the economy;
- the stance of fiscal and monetary policy;
- financial stability;
- vulnerabilities in the different sectors;
- the medium-term outlook, including the management and sustainability of public debt.
The course discusses key policy issues including:
- goods and service tax;
- public debt management;
- public asset management;
- fiscal risks;
- the new national accounts series of India.
Emphasis on practical tools for day-to-day macroeconomic analysis and application using Indian data.
The course relies on relevant case studies to illustrate tool application and contributions to the policymaking process.

Upon completion of the course, participants should be able to:

Analyze the four main macroeconomic sectors (real, fiscal, external, and monetary) and their interlinkages including macro-fiscal and macro-financial aspects, and how to diagnose macroeconomic imbalances.
Assess the stance of current fiscal and monetary policy and fiscal sustainability.
Understand major issues in public debt management in India and the public finances of India and its states.
Understand macro-financial linkages and developments in the financial sector to assess risks to financial stability.
Understand major issues in public financial management and fiscal risks, goods and service tax system in India, and challenges and data gaps in compilation of national accounts in India.