Debt sustainability: A roadmap for India's states and local governance

SNGs in India are accountable to the Union government but are not uniformly as diligent in maintaining fiscal resilience and debt sustainability

Debt Sustainability of Subnational Governments in India

Author: Hari Krishna Dwivedi

Publisher: OUP 

Pages: 256

Price: Rs 1,162

  Worrying about the debt sustainability of subnational governments (SNGs or state governments in India) is an acquired taste even amongst financial analysts. In the hands of an experienced professional, like the author — a distinguished civil servant, till recently chief secretary to the government of West Bengal — this rarefied subject is unravelled for practitioners and the uninitiated via a user-friendly arrangement of the extensively researched and referenced content.

 

A 101 review of the structure and nature of public debt and its role in economic