The NIPFP library is a leading research and reference library in the area of public economics in South-Asia. The three-storied library houses over 60,000 books and other documents, and subscribes to more than 612 journals and periodicals (including online journals and databases) in economics. The library is known for its unique collection of resources in the area of public economics and government publications like the Budgets of State/Union governments, Finance Accounts during the last five decades. The library holds membership of the International Bureau of Fiscal Documentation (IBFD) and Institute for Fiscal Studies (IFS), through International Monetary Fund (IMF) Depository Programme for enriching the public finance collection at the international level.

Equipped with modern facilities, the library is centrally air-conditioned and its operations are automated through Libsys and Winisis. It extends Wi-Fi facilities, and offers a conducive environment for refernce to research scholars and visitors from India and abroad. It has networking arrangements with other institutions for resource sharing, and has access to e-journals through Science direct, JSTOR and journals of Oxford University Press.