Series: IMF Working Papers
Author(s): Ricardo Hausmann , and Catriona Purfield
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2004
Keywords: Fiscal responsibility legislation, federal relations, budget management, fiscal responsibility, fiscal imbalances, decentralization, Structure, Scope, and Performance of Government, State and Local Borrowing,
India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic ca...