New Approaches to Fiscal Federalism in India

Y. V. Reddy

Review of Development and Change, 2019, vol. 24, issue 2, 163-186

Abstract: Abstract Fiscal federalism in India has been impacted considerably by recent events, in particular, the implementation of the award of the 14th Finance Commission (FC), the implementation of Goods and Services Tax, the replacement of the Planning Commission with the NITI Aayog and the terms of reference of the 15th FC. This article examines the issues unfolding from the developments, analyses the new approaches suggested by economists and policymakers and proposes a way forward that synthesises the approaches, while taking account of the lessons of experience. I argue that FC being the bedrock of fiscal federalism in India, it is necessary to strengthen the hands of FC to give an award that is fair and acceptable to the union and states.

Keywords: Public finance; Finance Commission; federalism; taxation; macroeconomic policy; state government (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0972266119884360 (text/html)

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:sae:revdev:v:24:y:2019:i:2:p:163-186

DOI: 10.1177/0972266119884360

Access Statistics for this article

More articles in Review of Development and Change
Bibliographic data for series maintained by SAGE Publications ().