ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Market Borrowings: Centre versus States

This review analyses the trends in certain crucial parameters pertaining to the market borrowings of the centre and the states. It argues that the latter have made efforts to contain their borrowing. But, continued excess borrowing by the central government is introducing a perverse incentive for the states, which would adversely affect overall fiscal management at the country-level.

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