"As indicated in last year’s Annual Report, 2006-07 was celebrated as NCAER’s Golden Jubilee. The special NCAER crest designed for the occasion has once again been used in this year’s Annual Report."

"The Council continued to maintain a significant work programme in the area of international trade, particularly on India's bilateral and multilateral trade negotiations. We are indebted to the Ministry of Commerce for entrusting us with a number of academic studies in these areas. In addition, individual Council staff have participated as members of  official teams to Japan, China and the Doha Development Round. India- China trade was the subject of a study of the implications of opening up trade with China at the Nathu-La Pass as also a study on a more comprehensive bilateral trade agreement. Our assistance to Ministry of Commerce in assessing the implications of agricultural trade policies has also continued."

"With the Golden Jubilee celebration behind us, our energies are engaged in chalking out fresh directions for the NCAER in the exciting period ahead. The broad directions are clear: a need to modernise our physical infrastructure, professionalise our survey capacity, raise our endowment income, strengthen our review and quality assurance mechanisms and invest substantially more in communication and dissemination. The last fifty years have shown the NCAER to be a flexible institution able to respond to new circumstances. These attributes will be needed even more in the future."