Indian States Crucial for Achieving Viksit Bharat Vision
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States Crucial for Viksit Bharat: India's Economic Future Hinges on Federal System
M
Moneycontrol•18-03-2026, 11:04
States Crucial for Viksit Bharat: India's Economic Future Hinges on Federal System
•India's economic growth relies heavily on states' ability to execute reforms, attract investment, and build institutions, not just central policies.
•State governments manage nearly two-thirds of public expenditure and are responsible for key sectors like health, education, and infrastructure.
•India's diverse regional economies, with varying development models, highlight the importance of state-level competence and competitive federalism.
•Fiscal federalism faces strain due to central cesses/surcharges and GST compensation issues, impacting states' ability to fund development.
•Achieving Viksit Bharat requires strengthening states' capacity within a cooperative framework, allowing regional initiative and local administrative strength to flourish.
