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Fiscal performance of the Central government and the States of India

Author

Listed:
  • Mundle, Sudipto

    (Centre for Development Studies)

  • Gupta, Manish

    (National Institute of Public Finance and Policy)

Abstract

The paper analyses the fiscal performance of the Central Government and the States of India. It addresses the question of whether the central and state governments have fully recovered from the mega fiscal shock of the Covid 19 pandemic of 2020-22 by examining their fiscal performance today (i.e., 2023-24, 2024-25) as compared to a baseline before the pandemic shock (2019-20). With state governments accounting for about two-thirds of public spending and a third of total revenue, the fiscal performance of states has always been an important component of India's overall fiscal performance. It turns out that of late there are signs of lax fiscal discipline at the state level. The paper develops a particular developmental taxonomy of States as a lens through which to assess their fiscal performance. This lens is used to compare the intra-group and inter-group fiscal performance of States to assess whether their fiscal performance is related to their development orientation as also how the fiscal behavior of individual States in the different groups has evolved over time.

Suggested Citation

  • Mundle, Sudipto & Gupta, Manish, 2024. "Fiscal performance of the Central government and the States of India," Working Papers 24/412, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:24/412
    Note: Working Paper 412, 2024
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    References listed on IDEAS

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    1. Sen, Amartya, 1998. "Mortality as an Indicator of Economic Success and Failure," Economic Journal, Royal Economic Society, vol. 108(446), pages 1-25, January.
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    Cited by:

    1. Chakraborty, Pinaki & Bhadra, Kausik K., 2024. "State Finances in India: Managing Fiscal Risks and Sustaining Recovery," Working Papers 24/413, National Institute of Public Finance and Policy.
    2. Chakraborty, Lekha, 2024. "RBI's Monetary Policy, Fiscal Deficits and Financial Crowding Out in India: An Empirical Investigation," Working Papers 24/414, National Institute of Public Finance and Policy.

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