Chapter

Policy and Institutional Dimensions of Reform

M. Govinda Rao and Nirvikar Singh

in The Political Economy of Federalism in India

Published in print November 2006 | ISBN: 9780195686937
Published online October 2012 | e-ISBN: 9780199080571 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195686937.003.0014

Series: Oxford India Paperbacks

Policy and Institutional Dimensions of Reform

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This chapter discusses various areas of government reform in the context of India’s federal system. It discusses recent and potential reforms of the Centre–state transfer system and considers broader reforms in India’s fiscal federal institutions, including tax assignments and the system of government finance. It suggests that reforms of tax assignments may be tied to other aspects of tax reform in order to achieve joint acceptability to the Centre and the states. It proposes the replacement of explicit and implicit intergovernmental transfers for capital projects with block grants or market borrowing. It stresses the importance of understanding India’s federal system in conceptualizing economic reform in India.

Keywords: government reform; financial sector reform; federal governance; India; federal system; intergovernmental transfers; tax assignments; government finance; market borrowing; economic reform

Chapter.  8862 words.  Illustrated.

Subjects: Economic Development and Growth

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