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Impact of the New Economic Measures on Fiscal Ties Between the Union and States in India

Fiscal federalism lies at the heart of India's federal structure. The Constitution distributes taxation powers and expenditure responsibilities between the Union and the States, while also providing mechanisms for transferring resources between them. The objective is to ensure that every level of government has adequate resources to perform its constitutional responsibilities. Economic reforms an…

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Near Jobless Growth in India: An Anomaly or an Outcome of Economic Reforms

Economic growth is generally expected to create employment, raise incomes and improve living standards. Yet India's development experience has often presented a puzzling situation. The economy can grow rapidly while employment does not increase at the same pace. This phenomenon, commonly described as jobless or near jobless growth, raises a fundamental question: why does an expanding economy some…

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