The paper by Pattnaik, Prakash and Swarup Misra evaluates the sustainability of fiscal policy in India. It reviews the literature on fiscal sustainability highlighting the specific Indian contributions. It evaluates the Indian experience with fiscal rules in the context of the international...

"With economic reforms underway for more than a decade in India, it is interesting to examine the responses of the Indian states to the newer challenges. This book addresses a wide range of issues, such as growth dynamics, income inequality, the fiscal behaviour of the states, the role of the...