Indian Fiscal Federalism
Price: 895.00 INR
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ISBN:
9780198971634
Publication date:
08/01/2026
Paperback
320 pages
216x140mm
Price: 895.00 INR
We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.
ISBN:
9780198971634
Publication date:
08/01/2026
Paperback
320 pages
Second Edition
Y. V. Reddy, G. R. Reddy, and Pinaki Chakraborty
- Offers a detailed examination of the pivotal role of Finance Commissions in India
- Provides a thorough historical context and traces the evolution of fiscal federalism in India
- Presents complex issues in a lucid manner for economists, scholars, and policymakers alike
New to this Edition:
- A new chapter on the challenges before the Sixteenth Finance Commission
- The latest available data for all the chapters in the First edition
- A discussion on the need for second-generation reforms covering factor markets in the chapter on the NITI Aayog and the Afterword
- An exploration of issues relating to Centrally-sponsored schemes, discretionary transfers outside the Finance Commission, growing centralisation, and the widening of trust deficit between the Centre and states
Rights: OUP UK (INDIAN TERRITORY)
Second Edition
Y. V. Reddy, G. R. Reddy, and Pinaki Chakraborty
Description
Likening fiscal federalism to a game between the Union and the states, and among the states themselves, Indian Fiscal Federalism lays bare the complex rules of play. In this new edition, the authors examine the pivotal and expanding role of Finance Commissions and momentous changes since 2015, such as the replacement of the Planning Commission by the NITI Aayog and the emergence of the GST Council. The book looks at the changes in the rules of the game, with the Union deviating from the established convention of treating the Finance Commission's recommendations as a package and award by not accepting the state-specific and sector-specific grants recommended by the Fifteenth Finance Commission. It presents a historical perspective on fiscal federalism, its evolution through various phases, and the interplay and overlap of institutional mechanisms, with a focus on the challenges before the Sixteenth Finance Commission. A contemporary, timely, and comprehensive analysis of federalism in India, this practitioners' perspective is a must-read that offers a way forward to address persistent and immediate concerns.
About the authors
Dr. Y. V. Reddy was Chairman of the Fourteenth Finance Commission and is a former Governor of the Reserve Bank of India. He belongs to the Indian Administrative Service (1964) and was Secretary (Finance and Planning) in the Government of Andhra Pradesh and Secretary in the Union Finance Ministry. He is currently a Distinguished Fellow at the Centre for Economic and Social Studies, Hyderabad, and has authored several books.
Dr. G. R. Reddy belongs to the Indian Economic Service (1971). He served as Advisor to the Thirteenth Finance Commission and as Advisor (Finance) to the Governments of Andhra Pradesh (November 2012-May 2014) and Telangana (June 2014-December 2023).
Dr. Pinaki Chakraborty is a Visiting Distinguished Professor at National lnstitute of Public Finance and Policy (NIPFP) and the Vice-Chairman of the Institute of Development Studies, Jaipur. Prior to this, he was the Director and Professor, NIPFP, New Delhi, and Economic Advisor to the Fourteenth Finance Commission of India. He served as Member, Advisory Council to the Fifteenth Finance Commission; Member-Secretary, Committee on Fiscal Statistics appointed by the National Statistical Commission; Chairman, Kerala Public Expenditure Review Committee; and Research Associate, Levy Economics Institute, New York. Dr. Chakraborty was also the Chief of Social Policy at UNICEF and the Chief of Field Office at UNICEF Kerala and Tamil Nadu.
Second Edition
Y. V. Reddy, G. R. Reddy, and Pinaki Chakraborty
Table of contents
INTRODUCTION
1:ORIGINS OF FISCAL FEDERALISM
2:EVOLUTION OF FISCAL FEDERALISM
3:FINANCE COMMISSIONS: THEIR COMPOSITION AND FUNCTIONS
4:CONTINUITY AND CHANGE: APPROACHES OF FINANCE COMMISSIONS
5:VERTICAL DISTRIBUTION: CHANGING BALANCES
6:HORIZONTAL DISTRIBUTION: CHANGING BALANCES
7:GRANTS-IN-AID MAGNITUDE AND COMPOSITION
8:THE DETAIL MATTERS
9:LOCAL SELF-GOVERNMENTS AND FINANCE COMMISSIONS
10:GOODS AND SERVICES TAX COUNCIL: A NEW INSTITUTION IN INDIAN FISCAL FEDERALISM
11:ASYMMETRIC FEDERALISM
12:THE PLANNING COMMISSION: ITS RISE, FALL, AND REBIRTH
13:NITI AAYOG: PROMISE AND PERFORMANCE
14:PUBLIC DEBT AND FINANCE COMMISSIONS
15:AGGREGATE CENTRAL TRANSFERS TO STATES
16:THE SIXTEENTH FINANCE COMMISSION: NEW CHALLENGES
Second Edition
Y. V. Reddy, G. R. Reddy, and Pinaki Chakraborty
Description
Likening fiscal federalism to a game between the Union and the states, and among the states themselves, Indian Fiscal Federalism lays bare the complex rules of play. In this new edition, the authors examine the pivotal and expanding role of Finance Commissions and momentous changes since 2015, such as the replacement of the Planning Commission by the NITI Aayog and the emergence of the GST Council. The book looks at the changes in the rules of the game, with the Union deviating from the established convention of treating the Finance Commission's recommendations as a package and award by not accepting the state-specific and sector-specific grants recommended by the Fifteenth Finance Commission. It presents a historical perspective on fiscal federalism, its evolution through various phases, and the interplay and overlap of institutional mechanisms, with a focus on the challenges before the Sixteenth Finance Commission. A contemporary, timely, and comprehensive analysis of federalism in India, this practitioners' perspective is a must-read that offers a way forward to address persistent and immediate concerns.
About the authors
Dr. Y. V. Reddy was Chairman of the Fourteenth Finance Commission and is a former Governor of the Reserve Bank of India. He belongs to the Indian Administrative Service (1964) and was Secretary (Finance and Planning) in the Government of Andhra Pradesh and Secretary in the Union Finance Ministry. He is currently a Distinguished Fellow at the Centre for Economic and Social Studies, Hyderabad, and has authored several books.
Dr. G. R. Reddy belongs to the Indian Economic Service (1971). He served as Advisor to the Thirteenth Finance Commission and as Advisor (Finance) to the Governments of Andhra Pradesh (November 2012-May 2014) and Telangana (June 2014-December 2023).
Dr. Pinaki Chakraborty is a Visiting Distinguished Professor at National lnstitute of Public Finance and Policy (NIPFP) and the Vice-Chairman of the Institute of Development Studies, Jaipur. Prior to this, he was the Director and Professor, NIPFP, New Delhi, and Economic Advisor to the Fourteenth Finance Commission of India. He served as Member, Advisory Council to the Fifteenth Finance Commission; Member-Secretary, Committee on Fiscal Statistics appointed by the National Statistical Commission; Chairman, Kerala Public Expenditure Review Committee; and Research Associate, Levy Economics Institute, New York. Dr. Chakraborty was also the Chief of Social Policy at UNICEF and the Chief of Field Office at UNICEF Kerala and Tamil Nadu.
Table of contents
INTRODUCTION
1:ORIGINS OF FISCAL FEDERALISM
2:EVOLUTION OF FISCAL FEDERALISM
3:FINANCE COMMISSIONS: THEIR COMPOSITION AND FUNCTIONS
4:CONTINUITY AND CHANGE: APPROACHES OF FINANCE COMMISSIONS
5:VERTICAL DISTRIBUTION: CHANGING BALANCES
6:HORIZONTAL DISTRIBUTION: CHANGING BALANCES
7:GRANTS-IN-AID MAGNITUDE AND COMPOSITION
8:THE DETAIL MATTERS
9:LOCAL SELF-GOVERNMENTS AND FINANCE COMMISSIONS
10:GOODS AND SERVICES TAX COUNCIL: A NEW INSTITUTION IN INDIAN FISCAL FEDERALISM
11:ASYMMETRIC FEDERALISM
12:THE PLANNING COMMISSION: ITS RISE, FALL, AND REBIRTH
13:NITI AAYOG: PROMISE AND PERFORMANCE
14:PUBLIC DEBT AND FINANCE COMMISSIONS
15:AGGREGATE CENTRAL TRANSFERS TO STATES
16:THE SIXTEENTH FINANCE COMMISSION: NEW CHALLENGES
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Public Financial Management, State Capacity, and Public Services in India
Santhosh Mathew, Bhumi Purohit, and Devesh Sharma
Political Economy of Federalism in India
Nirvikar Singh, Govinda Rao
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वाई.वी. रेड्डी
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Federalism and Fiscal Transfers in India
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India Public Finance and Policy Report 2016
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