ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Dynamics of State Debt

The institutional framework for improving the fiscal situation through incentives for reduction in the revenue deficit has already been put in place in some states and is expected to be done in the others. However, only time will tell whether the states are able to utilise the window of opportunity provided by the favourable debt dynamics (in terms of excess of the growth rate over interest rates) and increased transfers from the centre.

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