Fiscal Imbalances and Process of Reforms

India after Independence adopted Federal Constitution with strong unitary features. Fiscal crisis reflected in different deficits rising and high level of indebtedness forced the Central Government to analyse the situation and set norms to raise revenues and curtail expenditures and process of fiscal reforms introduced. The States followed the same pattern as the Central Government in terms of fiscal indicators. Therefore, directed to follow fiscal reforms path. This Book "Fiscal Imbalances and Process of Reforms" highlights the fiscal imbalances and fiscal reforms adopted and its impact at the level of Centre and States especially Uttar Pradesh as its economy and development has crucial role in overall development of India as it is the second largest economy in India and its huge market could be an engine of growth for the rest of the country. This book will be beneficial to academicians and researchers of fiscal economics.