India’s Macro Fiscal Bind: Is Co-operative Federalism a Solution?

India’s Macro Fiscal Bind: Is Co-operative Federalism a Solution? India’s Macro Fiscal Bind: Is Co-operative Federalism a Solution? by Rathin Roy Abstract:This piece discusses the contours of ‘cooperative federalism’ and its implications on national and state governments. Since the middle of the last decade the Union Government is the main source of fiscal deficit, while…

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