01102nam a22001337a 4500 533719 533719 260612b ||||| |||| 00| 0 eng d Shanmugam, K. R. 61221 Do states still pay the price for performance? Economic & Political Weekly 61(19), May 9, 2026: p.72-78 As the devolution shares of better-performing states declined sharply over time, there were expectations of a decisive shift towards efficiency-oriented criteria to strengthen fiscal federalism and enhance state autonomy. However, the Sixteenth Finance Commission largely followed the approach of its predecessor, introducing only incremental changes in the distribution formula. Although it signalled a conceptual shift by acknowledging states’ contribution to gross domestic product, the adoption of a square root transformation substantially diluted the practical impact of this recognition. – Reproduced https://www.epw.in/journal/sixteenth-finance-commission/do-states-still-pay-price-performance.html Economic & Political Weekly AR 0 0 ddc 0 0 408898 IIPA IIPA 2026-06-12 61(19), May 9, 2026: p.72-78 AR139191 2026-06-12 AR