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- Title
Comments on the Paper 'The Optimal Distribution Rule of Federal Funds to States in India: A Suggested Methodology' by Raychaudhuri and Roy (2021).
- Authors
Sinha, Sudip Kumar
- Abstract
The recent paper by Raychaudhuri and Roy (2021) in the South Asian Journal of Macroeconomic and Public Finance has been both timely and intensely thought provoking as it suggests an alternative approach for intergovernmental fiscal transfer in India. Fiscal transfers to subnational governments by the Finance Commissions in India is critical for maintaining the spirit of co-operative fiscal federalism in the country and is designed to improve the overall fiscal health of the economy. Rewarding the states for their efforts in improving public investment management would certainly help make the devolution rules for the Finance Commission time consistent and truly welfare- and growth oriented, and it would also help address the issue of vertical and horizontal gap in a more sustainable manner. JEL Classifications: H77, H71, E62, H72
- Subjects
INDIA; PUBLIC finance; SUBNATIONAL governments; PUBLIC administration; COOPERATIVE federalism; GOVERNMENT agencies; FISCAL policy; PUBLIC investments
- Publication
South Asian Journal of Macroeconomics & Public Finance, 2022, Vol 11, Issue 2, p246
- ISSN
2277-9787
- Publication type
Article
- DOI
10.1177/22779787221083746