Deputation
Reassessment of National Parameters for Appraisal of Public Investment Programmes and Projects in India by NITI Aayog
By TEAM CIRCULAR EXPRESS • 12 Oct 2026
👁 7 views
• This report by NITI Aayog and the Indian Statistical Institute provides updated national parameters for public project appraisal.
• Key parameters include a Social Discount Rate (9.5% for <30 years, declining for longer horizons), Standard Conversion Factor (0.92), Shadow Exchange Rate Factor (1.09), Shadow Wage Rate Factor (0.86), and a Social Cost of Carbon (US$ 10/tCO2e).
• These values guide economic cost-benefit analysis.
• Key parameters include a Social Discount Rate (9.5% for <30 years, declining for longer horizons), Standard Conversion Factor (0.92), Shadow Exchange Rate Factor (1.09), Shadow Wage Rate Factor (0.86), and a Social Cost of Carbon (US$ 10/tCO2e).
• These values guide economic cost-benefit analysis.
purpose of issuance
To provide updated national parameters for the economic appraisal of public-sector projects in India, replacing the 2018 assessment.
Most Important Details
The report recommends a Social Discount Rate of 9.5% for projects up to 30 years, with a declining schedule for longer durations (6.5% for 30-50 years, 5% for 50-75 years, 3.5% for 75-100 years). It also sets the Standard Conversion Factor at 0.92, Shadow Exchange Rate Factor at 1.09, Shadow Wage Rate Factor at 0.86, and a minimum Social Cost of Carbon of US$ 10 per tonne of CO2.
is it guidelines or office order, or office memorandum
Guidelines
purpose of issue
To ensure consistent and empirically grounded economic appraisal of public-sector investments.
Name of Officer
Anurag Goyal
Designation
Sr Adviser
Department / Organisation
Public Finance & Policy Analysis Division, NITI Aayog
🔒 Document — view only
Regards, Circular Express
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Deputation
Reassessment of National Parameters for Appraisal of Public Investment Programmes and Projects in India by NITI Aayog
By TEAM CIRCULAR EXPRESS • 12 Oct 2026
👁 7 views
• This report by NITI Aayog and the Indian Statistical Institute provides updated national parameters for public project appraisal.
• Key parameters include a Social Discount Rate (9.5% for <30 years, declining for longer horizons), Standard Conversion Factor (0.92), Shadow Exchange Rate Factor (1.09), Shadow Wage Rate Factor (0.86), and a Social Cost of Carbon (US$ 10/tCO2e).
• These values guide economic cost-benefit analysis.
• Key parameters include a Social Discount Rate (9.5% for <30 years, declining for longer horizons), Standard Conversion Factor (0.92), Shadow Exchange Rate Factor (1.09), Shadow Wage Rate Factor (0.86), and a Social Cost of Carbon (US$ 10/tCO2e).
• These values guide economic cost-benefit analysis.
purpose of issuance
To provide updated national parameters for the economic appraisal of public-sector projects in India, replacing the 2018 assessment.
Most Important Details
The report recommends a Social Discount Rate of 9.5% for projects up to 30 years, with a declining schedule for longer durations (6.5% for 30-50 years, 5% for 50-75 years, 3.5% for 75-100 years). It also sets the Standard Conversion Factor at 0.92, Shadow Exchange Rate Factor at 1.09, Shadow Wage Rate Factor at 0.86, and a minimum Social Cost of Carbon of US$ 10 per tonne of CO2.
is it guidelines or office order, or office memorandum
Guidelines
purpose of issue
To ensure consistent and empirically grounded economic appraisal of public-sector investments.
Name of Officer
Anurag Goyal
Designation
Sr Adviser
Department / Organisation
Public Finance & Policy Analysis Division, NITI Aayog
🔒 Document — view only
Regards, Circular Express
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