A study of imbalance in the fiscal arrangements under the constitution and the role of finance commissions in intergovernmental fiscal management in India
by M. Jai Ganesh; C. Rabbiraj
International Journal of Public Law and Policy (IJPLAP), Vol. 9, No. 4, 2023

Abstract: The idea of fiscal federalism has been practised in India for quite some time, but the specifics of how it should work have become less clear over the course of that time. In the future, its guiding ideas and operational methodologies will need to be progressively developed and improved; in the meantime, these things need to be carefully evaluated. The India of today is considerably different from the India that created its constitution in 1950. This may be seen most clearly in the governance 'matrix', economic development, institution-building, and multilateral interactions that exist in modern India. When it comes to its relationships with other governments, India is in the midst of a period of transition right now. It is becoming increasingly difficult to distinguish between boundaries based on linguistic concerns and administrative convenience in today's world due to the transformations brought about by innovation and migration, among other factors. As technology progresses, it will become one of the most important socio-economic factors that will impact the long-term viability of India's fiscal federalism system. Increased mobility, market integration, and market integration are two other trends to watch for them.

Online publication date: Tue, 17-Oct-2023

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