Pradeep, Kamble Hari, K .S. and Machale, S.

Browsing through 34 years of state finances in India: Insights for the sixteenth finance commission - Economic & Political Weekly - 60(18), May 3, 2025: p.57-63

This paper examines the fiscal behaviour of the states for the period between the Ninth and Fifteenth Finance Commissions. An integrated approach is adopted, wherein fiscal consolidation on the revenue account, federal fiscal transfers, and the Fiscal Responsibility and Budget Management Act are analysed in a single framework. We argue that the Sixteenth Finance Commission takes an integrated approach and ensures that states revert to the desired fiscal behaviour. – Reproduced

https://www.epw.in/journal/2025/18/sixteenth-finance-commission/browsing-through-34-years-state-finances-india.html