Federalism and Fiscal: Transfers in India

Hardcover | May 15, 2011

byC. Rangarajan, D. K. Srivastava

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These essays comprehensively cover key aspects of fiscal federalism in India both in theoretical and empirical terms. An analysis of experiences and challenges of fiscal federalism as it evolved - over the last sixty years since the First Finance Commission - reveals the emerging patterns intransfer of resources from the centre to the states. Management of Central and state finances relating to sustainability of debt and fiscal deficit is also an important aspect of the present discussion. Attention is drawn to the re-emergence of high levels of fiscal imbalance and the implementationof fiscal decentralization in India, particularly in the light of the recommendations by the Thirteenth Finance Commission. Comparison with two developed federal systems in the world, the Canadian and the Australian systems, is an important feature of this study.

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These essays comprehensively cover key aspects of fiscal federalism in India both in theoretical and empirical terms. An analysis of experiences and challenges of fiscal federalism as it evolved - over the last sixty years since the First Finance Commission - reveals the emerging patterns intransfer of resources from the centre to the ...

C. Rangarajan is Chairperson of the Economic Advisory Council for the Government of India. D.K. Srivastava is Director of the Madras School of Economics.
Format:HardcoverDimensions:336 pages, 8.46 × 5.51 × 0.1 inPublished:May 15, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198070985

ISBN - 13:9780198070986

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Table of Contents

Overview1. Fiscal Federalism: Basic Tenets2. Evolution of Fiscal Federalism in India3. Fiscal Federalism in Practice: Canada and India4. Fiscal Federalism in Practice: Australia and India5. Resolving Vertical and Horizontal Imbalances in India6. Dynamics of Debt Accumulation in India: Impact of Primary Deficit, Growth and Interest Rate7. Fiscal Deficits and Government Debt in India: Implications for Growth and Stabilization8. Contemporary Challenges and Issues before the Thirteenth Finance CommissionReferences