State Finances in India: Post-Reform Experiences and Challenges Ahead

Meenu Soni

The IUP Journal of Public Finance, 2007, vol. V, issue 3, 37-63

Abstract: The Indian Constitution assigns important responsibilities to the states in many sectors but, the states’ ability to undertake and perform these developmental functions effectively is critically determined by their fiscal position. This study attempts to highlight the developments in states’ finances since 1991. The results of the study show that the departmental responsibilities of the states have increased manifold and there has not been sufficient devolution of funds to them. As a consequence, the states have been feeling alienated from the federal set up and demanding greater financial autonomy. A large part of the unrest that we see in different parts of the country is undoubtedly related to the inability of the states to ensure quick economic growth within their respective areas due to paucity of funds. In order to augment the financial resources of the states, it has been suggested that additional resources should be provided to the states.

Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjpf:v:05:y:2007:i:3:p:37-63

Access Statistics for this article

More articles in The IUP Journal of Public Finance from IUP Publications
Bibliographic data for series maintained by G R K Murty ().