Using government reported data, our state budget briefs closely evaluate a host of issues tied to fiscal federalism or the transfer of funds from the Government of India to states and below. Our focus has been on the effects of changes in fiscal federalism on social sector investments in states. Among the questions we have sought to answer is whether enhanced tax devolution by the Fourteenth Finance Commission (FFC) is resulting in more financial liquidity for states and how states are using this increased flexibility specifically for social policy. In our briefs, you will find information on the financial relationship between the Government of India and various states. We have also contributed expertise to the Economic Survey of India by tracking fiscal devolution to local governments.