State Fiscal Reforms in India

State Fiscal Reforms in India

Progress and Prospects
Author: World Bank
Subject: Economics
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Other Details

ISBN 9781403924933
Binding Paperback
Imprints Macmillan Publishers India
Edition 1
Language English

About the Book

India has experienced rapid economic growth over the past two decades, averaging about 6% per year. Sustaining and accelerating this progress, as per the country’s development targets, will require an improvement in government effectiveness, not only at the central but also at the state level, given the extensive responsibilities of India’s state governments for infrastructure and human development. But fiscal deterioration, especially acute in the late nineties, has weakened the development effectiveness of state governments in India by squeezing productive spending and reducing its quality, especially in the poorer states.

This stock-taking report aims both to share the lessons of state-level fiscal reforms in India to date, and to suggest what more can be done.

Table of Contents

  • Overview
  • Executive Summary
  • The State-Level Fiscal Crisis of the Late 1990s
  • Expenditure Reforms
  • Revenue Policy and Administration
  • Revenue Policy and Administration
  • Fiscal Federalism and the Incentive Framework for State Reforms
  • Conclusions and Prospects
  • Annexes
  • References