Economics · Fiscal Policy and Federal Relations
In what way did the post-1991 economic and fiscal discipline reforms impact Center-State financial relations in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Established centralized federal control over all state agricultural MSP pricing decisions
- 2Mandated states to adhere to structural fiscal discipline targets and borrowing limits✓
- 3Drastically reduced the constitutional share of states in central tax pooling mechanisms
- 4Granted absolute and unchecked autonomy to individual states in framing custom tariff policy
Correct answer
Mandated states to adhere to structural fiscal discipline targets and borrowing limits
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