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7) For the first time in 11 years, in 2015-16 the combined fiscal deficit of India’s 29 States as a proportion of the size of their economies breached the 3% threshold recommended as a fiscally prudent limit by successive Finance Commissions. What are the causes? What should be the role of centre in addressing this problem? Examine.

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment

7) For the first time in 11 years, in 2015-16 the combined fiscal deficit of India’s 29 States as a proportion of the size of their economies breached the 3% threshold recommended as a fiscally prudent limit by successive Finance Commissions. What are the causes? What should be the role of centre in addressing this problem? Examine. (200 Words)

The Hindu

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