Countries are organized either as “Unitary ” (France) or as “Federations” (India, Brazil, the United States). In the first group, a national, or a central, government, makes the economic decisions for the whole country’s territory. In the second group, a Constitution has generally assigned various government’s economic functions between …

The economic programme of any party or coalition that is serious about transforming India must be underpinned by four economic objectives.

 

A development transformation involves progress on many fronts, but there can be no transformation without high, stable, and inclusive economic growth. The economic programme …

The book titled “Indian Fiscal Federalism” co-authored by Y V Reddy and G R Reddy is written from a “practioner’s perspective”. The simplicity of this book is appealing, especially when the content of the book is about a very complex set of rules and games between the Centre and …

Election year should be a time when we seriously reflect on the medium term structure of fiscal policy. But election year also involves an interim budget which, by definition, should not take up much analytical space. But unfortunately, it does, distracting attention from medium term fiscal issues.