01311nam a22001337a 4500 533729 533729 260612b ||||| |||| 00| 0 eng d Irsad, Malik, Mohd Yousuf and Jafar, Syed Hasan 61233 Do fiscal rules promote fiscal performance and economic growth? Economic & Political Weekly 61(20), May 16, 2026: p.36-44 The relationship between fiscal rules, fiscal performance, and economic growth in India and its sub-national economies from 1991 to 2022 is examined. Over the period observed, the fiscal performance index increased from 50.5 to 60.5, while state-level fiscal performance remained stable, deteriorating during the COVID-19 recession, and improving thereafter. The findings reveal that economic growth contributes more significantly to fiscal performance at the national level than at the state level. Fiscal rule has a positive impact on fiscal discipline for India; however, at the state level, it has a negative coefficient, suggesting that stricter rules might constrain flexibility, leading to adverse effects on fiscal performance as well as economic growth.- Reproduced https://www.epw.in/journal/2026/20/insight/do-fiscal-rules-promote-fiscal-performance-and.html Economic & Political Weekly AR 0 0 ddc 0 0 408908 IIPA IIPA 2026-06-12 61(20), May 16, 2026: p.36-44 AR139201 2026-06-12 AR