Economic Trajectory of India’s States
All Things Policy
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Economic Dynamics of Indian States: 2002-2023
This chapter explores the evolving economic conditions of Indian states over the past two decades, emphasizing the disparities in revenue expenditure and capital investment. It highlights the struggles of lower-income states like Bihar and Uttar Pradesh in the healthcare and education sectors compared to wealthier regions, advocating for a more flexible and responsive resource allocation approach from the central government. The discussion also addresses the financial challenges faced by states, suggesting the establishment of fiscal councils for improved accountability in managing state finances.
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