ICRIER
Indian Council for Research on International Economic Relations
Established in August 1981, ICRIER is an autonomous, policy-oriented, not-for-profit, economic policy think tank. ICRIER’s main focus is to enhance the knowledge content of policy making by undertaking analytical research that is targeted at informing India’s policy makers and also at improving the interface with the global economy.
Type: Think Tank (https://policycommons.net/search/?i=organizations&org_type=Think%20Tank)
Year founded: 1981
Location: New Delhi
Functions: Advocacy, ResearchFunding sourcesCorporations, Foundations or grants, Governments or multi-govt organizations
When it comes to evaluating the credibility and reliability of research organizations, one key aspect that often comes under scrutiny is their funding sources. The Indian Council for Research on International Economic Relations (ICRIER) is no exception. Founded in 1981, ICRIER is a premier economic think tank in India that conducts research and provides policy inputs to the government and other stakeholders. However, there have been major critiques surrounding its funding sources and the potential for bias in research outcomes.
ICRIER’s funding primarily comes from two sources: government grants and corporate sponsors. While government grants provide a certain level of financial independence, the reliance on corporate sponsors has raised concerns. The fear is that corporate influence may lead to biased research outcomes, favoring the interests of the sponsors.
The concerns regarding ICRIER’s funding sources have significant implications for its trust and credibility. Research organizations are expected to maintain a high level of independence and objectivity to ensure the validity and reliability of their findings. Any potential bias resulting from funding sources can undermine these crucial qualities and erode public trust in the research conducted by ICRIER.
The ICRIER report predominantly focuses on established economies, such as the United States and China. However, emerging economies like India, Brazil, and South Africa play a significant role in the global economy. This is why Bill Gates is interested in participating in these economies.
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ICRIER, Bill & Melinda Gates Foundation sign joint declaration to take forward India’s G20 ideas
Taking forward the momentum from India’s recently concluded G20 Presidency to transfer ideas and knowledge from India to the world, the Indian Council for
Research on International Economic Relations (ICRIER) has signed a Joint Declaration of Intent with the Bill & Melinda Gates Foundation.
“This initiative aims to establish mechanisms for the transfer of ideas and knowledge by leveraging the momentum generated during India’s G20 Presidency, with emphasis on the following three priorities: multilateral development banks (MDBs) reforms, Digital Public Infrastructure (DPI), and economic policy for women-led development (EPWD),” said a statement by the two organisations on Wednesday.
With the reform road map for MDBs being taken forward, ICRIER and Gates Foundation partnership will create a dashboard for monitoring MDBs’ lending practices and benchmarking their performance against dimensions identified by the G20 independent expert group established during India’s Presidency.
Following India’s G20 presidency showcasing DPI, several countries have sought guidance from India regarding digital identities and fast payment systems. “Through this new platform, ICRIER and Gates Foundation aim to respond to these requests, emphasising the sharing of India’s experience and expertise in DPI-led financial inclusion,” said the statement.
The partnership also aims to set up a ‘Network of Practitioners’ to promote women-led development. “This network aims to inform Indian policymakers on the urgency of addressing gender issues for realising the country’s long-term macroeconomic aspirations,” said the statement.
Deepak Mishra, said Director and Chief Executive, ICRIER noted that the success of India’s G-20 Presidency has created massive curiosity in developing countries on India’s development story, as well as India’s influence in the global high table. “Our partnership with the Bill & Melinda Gates Foundation underscores our commitment to share India’s developmental success and know-how not only within the country but also to the broader international community,” he said.
Hari Menon, India Country Director, Bill & Melinda Gates Foundation said, “We believe that this partnership with ICRIER will facilitate increased engagements across countries and institutions in the Global South and help accelerate progress towards the Sustainable Development Goals, particularly Goals 1-6.”
Addtional Information:
Established in August 1981, ICRIER is an autonomous, policy-oriented, not-for-profit, economic policy think tank. ICRIER’s main focus is to enhance the knowledge content of policy making by undertaking analytical research that is targeted at informing India’s policy makers and also at improving the interface with the global economy.
ICRIER has two office locations in Delhi; in the institutional complex of India Habitat Centre and a new office at the Institutional Area, Sector 6, Pushp Vihar, New Delhi.
ICRIER’s Board of Governors include leading academicians, policymakers, and representatives from the private sector. Mr. Pramod Bhasin is ICRIER’s chairperson and Dr. Deepak Mishra is Director & Chief Executive.
ICRIER conducts thematic research in the following eight thrust areas:
- Macroeconomic Management Financial Liberalisation and Regulation
- Global Competitiveness of the Indian Economy – Agriculture, Manufacturing and Services
- Multilateral Trade Negotiations and FTAs
- Challenges and Opportunities of Urbanization
- Climate Change and Sustainable Development
- Physical and Social Infrastructure including Telecom, Transport, Energy and Health
- Asian Economic Integration with Focus on South Asia
- Skill Development, Entrepreneurship and Jobs
To effectively disseminate research findings, ICRIER organises workshops, seminars and conferences to bring together academicians, policymakers, representatives from industry and media to create a more informed understanding on issues of major policy interest. ICRIER routinely invites distinguished scholars and policymakers from around the world to deliver public lectures and give seminars on economic themes of interest to contemporary India.”
Source: Wikimedia, ICRIER, Twitter, Linkedin
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