Development Expenditures of the States in the Post-Liberalisation Period
The states have witnessed a sharp fall in their shares of development expenditure in gross domestic product in the post-liberalisation period compared to the same in the 1980s, albeit with some recovery in recent years. This article attempts to analyse and explain such a trend against the backdrop of the constraints in the independent fi scal policymaking powers of the states.
Subscribe Now !
Get instant access to the complete EPW archives
New 3-Month Subscription to Digital Archives at just Rs 300 for India and $12 for overseas users.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear.