State finances in India: A case for systemic reform

Arbeitspapier

This paper provides a self-contained overview of the present problems of state finances in India. It begins with an overview of historical evolution and current institutional structures, including economic, political, administrative and fiscal aspects of India's federal system. The paper then reviews the current situation of India's state government finances, going on to consider various developments that have shaped the states' current fiscal situation, including the roles of national economic reform, the intergovernmental transfer system, tax reform, and local government reform. Policy options for reforming institutions of fiscal federalism system, borrowing mechanisms for the states, and governance are then discussed, with an emphasis on the principle that states should have appropriate incentives for fiscal discipline at the margins of revenue and expenditure.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 613

Classification and Topics

• Classification: Wirtschaft
• Subject: fiscal policy ; intergovernmental transfers ; incentives ; institutional reform ; Öffentliche Finanzwirtschaft ; Finanzpolitik ; Finanzausgleich ; Finanzreform ; Indien

Contributors, Location and Time

• Event: Geistige Schöpfung
• (who): Singh, Nirvikar
• Event: Veröffentlichung
• (who): University of California, Economics Department
• (where): Santa Cruz, CA
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/83871
• Last update: 20.09.2024, 8:25 AM CEST