📋 Tender Overview
Status: ApprovedTechnical assistance
The knowledge and support technical assistance (ta) aims to strengthen domestic resource mobilization and public financial management in india. it will undertake technical and analytical studies with the objective of increasing the effectiveness of public spending while reducing fiscal risks to indias macroeconomic environment. the ta will also develop knowledge solutions on mobilization of private sector resources, including through viable public-private partnership frameworks and monetization of existing relevant assets. the ta will support capacity development, including at the level of state government and urban local bodies.
the ta intends to provide upstream knowledge support to the crosscutting thematic priority on domestic resource mobilization and public financial management in adbs india country partnership strategy (cps) 2023-2027. the ta is in line with the country knowledge plan (ckp) in which knowledge support is envisaged across all three major pillars (such as attracting market finance for greenfield projects and knowledge management for urban finance projects, raising capabilities of government departments for raising green finance, and financing for housing economically weaker sections) and focus on public financial management to increase capacity across the government to make capital investments and attract private capital, and strengthen financial management of urban local bodies. the ta is also consistent with the focus of adb strategy 2030 on providing relevant knowledge products and services as per the needs of the country and strengthen its institutional capacity. the ta will enable adb to proactively engage with government agencies at national, state and local levels on their strategic priorities and challenges faced in relation to public financial management and domestic resources mobilization, and undertake operationally relevant analytical studies to assist in formulation of the reform agenda and design innovative knowledge solutions tailored to its needs, including in key areas like urban finance.
Fiscal policy is a crucial tool for india to meet its development objectives. strong public and private investments are needed in physical and social infrastructure to facilitate structural transformation of the economy. india has also committed itself to achieve a cleaner and climate friendly economy and to achieve the target of net-zero carbon emissions by 2070. this requires interventions to mobilize climate financing. another key challenge is to generate resources to strengthen social protection for poor and vulnerable groups and regions to achieve equitable development.
higher resource mobilization is an important objective for indias fiscal policy. in the last 15 years, indias tax to gdp ratio has generally ranged been between 16-17%, which is lower than the average of 34% for oecd countries. to improve revenue, india has undertaken various measures, including simplifying the co
