Evaluation of sustainability of special category states of India
- The Indian Journal Of Economics
- 99(393), Oct, 2018: p. 217-226
Special category states are given special assistance by the Indian constitute. Special Category States are highly dependent on the central grants from the Union Government for meeting their financial requirements. These states show a revenue surplus position because any expenditure that they make on creating assets out of grants from the centre is not treated as revenue expenditure. Conversely. It has been noticed that the fiscal positing of special category states is not satisfactory rather suffering from huge escalating public debt. In this context, this appears has examined the sustainability of sub national public debt. - Reproduced