Improving Sub-national Fiscal Responsibility in the Federal Context of India

• Completion date जनवरी., 2002
• Sponsor IDFC
• Project leader Tapas K Sen
• Focus

  This paper published in the India Infrastructure Report 2003, deals with the problem of the heavy debt burden of the states in India and suggests institutional changes to limit the incentives for over-borrowing by states, and to minimise indiscriminate borrowing.