BS EDIT: Devolution For Growth

By Business StandardPublished On Feb 3, 2026

A Sensitive Mandate

The Sixteenth Finance Commission worked amid rising strain on Centre–state relations and federal trust

Formula Recalibrated

Including GDP contribution in tax devolution raises shares for productive states like Karnataka and Gujarat

States’ Fiscal Space

With GST curbing autonomy and central schemes dominating spending, protecting state revenues was crucial

Limits Of Devolution

While states’ share stays at 41%, extensive use of cesses keeps the divisible pool smaller than ideal

Debt And Discipline

The Commission flags off-Budget borrowing, urging transparency and adherence to deficit limits

Rewarding Prudence

By backing productive states and fiscal probity, the report restores incentives for growth-led governance