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The study examines the economic impact of the Delhi and Hyderabad international airports on the national and regional economies in terms of contribution to income and employment. A passenger survey was also carried out in both the airports covering more than 4,000 passengers to capture their profiles. In case of Delhi International Airport, we found that the airport’s operation service has contributed significantly to both national and regional GDP. It contributed Rs 294.7 billion (about 0.45%) to the national GDP and around 13.53 per cent relative to Delhi’s GSDP in 2009–10. Overall, it contributed Rs 42.9 billion directly through value added (air transport and air services), Rs 77.2 billion indirectly through supply chain (multipliers impact) and Rs 174.6 billion through tourism and investment (induced impact).

NCAER is privileged to present the Mid- Year Review for the second successive year in partnership with the India International Centre. Higher inflation and slower industrial growth became persistent features of the Indian economy in 2012–13 following their prominent appearance in 2011–12. Both the fiscal deficit and the current account deficit worsened considerably. The global economy continued to register a weak recovery from the global financial crisis of 2008. Fiscal correction in the US became a political battle between its two political parties with their differing emphasis on expenditure cuts and tax increases. In the Eurozone, a resolution of the banking crisis remained distant. The investment climate at home worsened substantially as policy initiatives to resolve supply-side constraints were delayed and the policy initiatives that were pursued (such as GAAR, the Government’s General Anti- avoidance Rules) were widely taken to be market-unfriendly. As an added challenge, the 12th Five Year Plan launched in 2012–13, with its increased emphasis on infrastructure development and human capital development, made it clear that major additional financial resources from the domestic private and public sectors and from external sources would be needed.

The study examined the financial viability of alternative models of land pooling for development of urban extensions in Delhi with a view to encourage private participation in provision of land and affordable housing. The study evaluated three alternative models of land pooling and development on the basis of realistic land values, market trends, land holding costs during the project period, administrative charges, promotional charges, taxes, approval expenses and realistic sale price of the built up area.

The need for monitoring and analysis of emerging food scenarios is important for India both because of significant dependence of output on the monsoon rains and the fact that globally India is one of the major consumers of food crops influencing markets. Management of agriculture from a public policy perspective requires organisation of this information and analysis as inputs to policy making.