Public finance: policy issues for India

This book focuses on issues of significant analytical and policy interest in Indian public finance. A major part of the ongoing reform programme in India is comprehensive fiscal reform. Consequently, the scheme that binds the contributions of this topical volume is the fiscal crisis and attempts to resolve it. Leading experts in the field analyse public expenditure, the containment of fiscal deficit, the poor performance of direct taxes, the system of indirect taxation, fiscal federalism as well as recent reforms in the system. The final chapter offers a theoretical model to analyse the political economy of Indian federalism.
The plurality of views and theoretical approaches presented here give the student of Indian public finance a feel of the actual terms of discourse on fiscal policy. At the same time, the comprehensive review of the fiscal reform process that it provides, makes it essential reading for researchers and policy-makers.