While containing deficits and public debt at sustainable level is a matter of concern for all the states in India, their heterogeneity in terms of size, level of income, fiscal position and the ability to raise resources calls for individual analysis of the issue of fiscal sustainability of a...

India is a federal state with constitutional demarcation of financial powers and responsibilities between the center and the states.. To perform its function effectively, state governments need sufficient amount of revenues which depend on the fiscal health of the states. Deterioration in the...