Imagining India: The Idea of a Renewed Nation by Nilekani Nandan
Author:Nilekani, Nandan [Nilekani, Nandan]
Language: eng
Format: mobi
ISBN: 9781101024171
Publisher: Penguin
Published: 2009-02-19T16:00:00+00:00
Nevertheless, the government did have some advantages here that its predecessors did not. For instance, the only reason it was possible to get the states to the table to negotiate was that they were less dependent on state taxes to stay financially afloat. Many of the economists and policy experts I spoke to admit that state governments earlier had little elbow room for reform. Thanks to the continually strained finances in Delhi, there was not much money coming from the center, and the states depended on indirect taxes for as much as 80 percent of their revenues.
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