Series: IMF Working Papers
Author(s): Catriona Purfield
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2004
Keywords: Debt, Fiscal policy, India, Intergovernmental fiscal relations, panel econometrics, decentralization, fiscal performance, government expenditure, government deficit, fiscal discipline
Already in precarious shape, the financial health of India's states took a turn for the worse in the late 1990s when state deficits and debt rose sharply. While India is among the world's most decentralized economi...