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Progress of policy reform and variations in performance at the sub-National level in India

By: Material type: TextTextPublication details: Harvard; Harvard University; 2001Description: 34pSubject(s): DDC classification:
  • 338.4 HAR 9
Summary: The financial condition of the state governments in India has been a cause for concern for sometime now. Over the years, the consolidated financial position of the state governments has shown a marked deterioration in some of their major deficit indicators. One of the fundamental weaknesses of state government finances in India can be attributed to the increases in non-developmental expenditure and interest payments as a proportion of revenue recepits.
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The financial condition of the state governments in India has been a cause for concern for sometime now. Over the years, the consolidated financial position of the state governments has shown a marked deterioration in some of their major deficit indicators. One of the fundamental weaknesses of state government finances in India can be attributed to the increases in non-developmental expenditure and interest payments as a proportion of revenue recepits.

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