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The Political Economy of Federalism in India

M Govinda Rao (Author) Nirvikar Singh (Author)
Synopsis The failure of the centralized state, both in economic and political governance, has swung the pendulum in favour of decentralized systems across the globe in recent years. Making a successful transition to decentralized governance, however, is a formidable challenge. Indian federalism is at a crossroad. On one hand, the legacy of colonialism, partition, and the vision of nation-building have contrived to create a centralized federation. On the other, the ongoing transition to a free market has brought contradictions of centralized federal arrangements to the fore. This book deals with the systems, institutions, and outcomes from the interplay of political and economic forces in Indian federalism. It attempts to broaden the conceptual framework for analysing Indian federalism by exploring political elements and institutions and their strategic interaction with fiscal variables. It further emphasizes the emergence of coalition governments at the centre, and the increasing importance of regional parties which have brought out the contradictions in the efficient governance of the federation. This synthesized framework, incorporating economic perspectives on political institutions, more comprehensively than ever attempted before, will be immensely valuable for policymakers, foreign lending agencies technocrats, journalists, and NGOs. Students of Indian political economy as well as general readers will also find it useful.
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About the author

M Govinda Rao

Dr. M. Govinda Rao is the Director, National Institute of Public Finance and Policy, New Delhi, India. He is also a Member, economic. His past positions include Director, Institute for Social and economic Change, Bangalore (1998-2002) and Fellow, research school of Pacific and Asian Studies, Australian national University, Australia (1995-98). Dr Govinda Rao has a number of additional advisory roles. These include, member, International Advisory panel on Governance, UNDP regional Office, Chairman, Chairman, Expert Group on Taxation of Services (2000-01); Chairman, Technical experts Committee on VAT. He is also a Member of the Taxation Policy Group in the Initiative for Policy Dialogue (led by Prof. Joseph Stigliz). Dr Rao’s research interests include public finance an fiscal policy, fiscal federalism and state and local fianc?. He has published technical articles extensively in a number of reputed journals besides 12 books and monography on various aspects of Public Finance. His recent books include, Political Economy of federalism in India, Oxford University Press, 2005, Sustainable Fiscal Policy for India: An International perspective (edited with Peter Heller), Oxford university Press, (2005) and Poverty, Development and Fiscal Policy, Oxford University Press, 2002 (Paperback, 2004).

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Bibliographic information

Title The Political Economy of Federalism in India
Format Hardcover
Date published: 01.01.2005
Edition 1st ed.
Language: English
isbn 0195670175
length ix+422p.