Analysing Indian States’ macro-fiscal health
In the 2010s, States were able to prosper economically through reforms, better tax collection, and booming growth. Some States even reported surpluses. But the pandemic was a turning point — tax revenues shrank while emergency spending soared, pushing almost every State back
In the 2010s, States were able to prosper economically through reforms, better tax collection, and booming growth. Some States even reported surpluses. But the pandemic was a turning point — tax revenues shrank while emergency spending soared, pushing almost every State back
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