Centre Can’t Absolve Itself Of Its Role In Worsening Fiscal Health Of States

Even on the verge of elections in five states, Union Budget 2022 was surprising for its restraint in not resorting to populist measures. Yet, while much of the debate focused on whether the decision to expand capital expenditure (at the cost of revenue expenditure) was the right one in the current time, what has received relatively less attention are implications of the Union Budget on the fiscal health of the states.

Federalism and Bureaucracy: The Original Design vs. A Culture of Centralization

The articles in this series seek to make sense of the many manifestations of political and economic centralization in India today, with a particular focus on the historical antecedents of India’s federal institutions and how greater centralization in these institutions is altering state-business relations, India’s welfare architecture, as well as electoral competition.

Budget And Politics In Pandemic Times

Applying a political economy lens to the recently announced Budget 2022-23, Yamini Aiyar contends that the emphasis on capital expenditure over welfare in the two Budgets announced during the pandemic are a mere continuation of a shift in political narrative towards “market-friendly reforms” that began with the Modi government’s re-election in 2019.