 Making Federalism Work for India’s DevelopmentChapter Chapter 2 in Challenges and Issues in Indian Fiscal Federalism, 2018, pp 9-13 from Springer Abstract: Abstract Fiscal federalism in independent India evolved over the last 70 years has held the country together, provided identity and scope for various religious, ethnic, linguistic groups to function and has provided a reasonably flexible institutional framework for the functioning of the multilevel governance. There is clearly a strong idea of India gained during the independence struggle and cemented over the years after independence. At the same time, it would be erroneous to conclude that the system has worked to the satisfaction of all the groups and surely there is considerable scope for improvement in several areas. Indeed, development of the country and improving the well-being of 1.2 billion people depends on harnessing their energies which can be achieved only when we have an institutional framework to combining the advantages of a large market unfettered by impediments with sufficient scope to achieve regional specialization depending upon comparative advantage and with the regional governments cooperating and competing with one another to provide efficient level of social and physical infrastructure. Keywords: Fiscal federalism; India (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-10-6217-9_2 Ordering information: This item can be ordered from DOI: 10.1007/978-981-10-6217-9_2 Access Statistics for this chapter More chapters in India Studies in Business and Economics from Springer |
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