01123pab a2200157 454500008004000000100002200040245008600062260000900148300001500157362001000172520067300182650002800855650002000883700002800903773003400931180718b2001 xxu||||| |||| 00| 0 eng d aRudolph, Lloyd I. aIconisation of Chandrababu: sharing sovereignty in India's federal market economy c2001 ap.1541-552 a5 May aThe dawn of liberalisation in the early 1990s saw the gradual emergence of a federal market economy, with decision-making powers shared between the centre and states. A measure of economic sovereignty and decentralisation has now placed the onus on state chief ministers to effect economic growth in their respective states. Not only do they need to negotiate a path that avoids undue capitulation to populist pressures; to invite private investment, they must work in consonance with the centre's new role as a regulator and fiscal disciplinarian and deal with the hard-budget constraints demanded by the faceless, international credit-rating agencies. - Reproduced aEconomic growth - India aEconomic growth aRudolph, Susanne Hoeber aEconomic and Political Weekly