The GMR group established its Corporate Social Responsibility (CSR) arm, the GMR Varalakshmi Foundation (GMRVF), in 1993. The Vision of the Foundation is to make a sustainable impact on the human development of underserved communities through initiatives in Education, Healthcare and Livelihoods. The objectives of the study are two-fold. First is to study the direct impact indicators on the initiatives undertaken by the GMRVF in Rajam town and the villages in the Rajam Mandal on areas mentioned above, and two, studying the regional impact of the GMRVF on economic upgradation and social transformation.
The main objective of the exercise is to first time ‘model’ the key fiscal numbers of Uttarakhand, namely revenue, expenditures, deficits and debt for 2026−27, while keeping the GYAN needs in perspective. The GYAN stands for Garibi (Poverty), Yuva (Youth), Annadata (Farmers) and Nari (Women). The projected fiscal numbers for the State should be sustainable in the medium-run and ensure that Uttarakhand remains fiscally disciplined. This will form inputs to budgets in 2025−26. This will also form a baseline for the Phase 2 work of the next Economic Survey.
India has a critical role to play in the global green transition. It can strengthen its position as a global leader in promoting green technology, encompassing renewable energy, waste management, and green hydrogen, and contribute to global decarbonisation efforts by participating in green value chains. These green transition efforts are particularly important as India is currently the third-largest emitter of greenhouse gases (GHGs).
In view of the fiscal constraints, private sector participation will be the key for achieving both the development and diffusion of green technology and for attaining the national emission targets. In this context, it is imperative to identify and implement the policy action that can help mobilise the private sector in a middle-income country. While the significance of economic incentives for climate action from advanced economies such as R&D subsidies and carbon pricing policies is well understood, there is also a need to address the gap in the propagation of policy interventions in emerging markets characterised by structural deficiencies. Further, it is important to understand how and to what extent structural deficits impede the functioning of market signals.
The research programme will investigate the role of structural reform and credibility of policy commitments and emission targets for improving the effectiveness of market signals emanating from price-based and regulation-based climate action in an emerging market context. It will attempt to fill critical knowledge gaps in order to enable India to strengthen its role as a leader in green technology and to mitigate low-carbon transition risks.
As part of the study, The World Bank and NCAER will jointly produce impactful research papers on the following topics:
- The economic gains pertaining to the credibility of emission targets;
- The challenges faced by the private sector and policy implications with regard to green value chains; and
- The adoption of a Federative Emission Trading Scheme (FETS) to enhance Nationally Determined Contribution (NDC) for green transition.
This study will be conducted under The World Bank Knowledge for Change Umbrella Program—Phase IV (KCP IV). The World Bank team will be led by Dr Christian Schoder.
Most developed and emerging economies regularly estimate their logistics costs and employ 
performance indicators to track the efficiency of logistics operations. For India, too, systematic measurement of logistics costs is imperative to benchmark its performance vis-à-vis competing economies, and to identify areas for improvement. The vision of Viksit Bharat—a developed India by 2047—further reinforces the urgency of building a world-class logistics ecosystem that reduces costs, enhances competitiveness, and strengthens supply chain for both internal and EXIM trade.
In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map.
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