Progress of policy reform and variations in performance at the sub-National level in India
- Harvard Harvard University 2001
- 34p
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.