INDIA NEEDS REVENUE BOOST TO REMAIN ON SUSTAINABLE FISCAL AND GROWTH PATH
CENTRE AND STATES ALSO NEED DISMANTLING OF ADMINISTERED PRICING MECHANISM
2024-11-21 10:53
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Centre and State governments in India are in need of raising both tax and non-tax revenue, dismantling the administered pricing mechanism, reducing subsidies, and reorienting expenditure toward national and state-level priorities. This is essential to ensure India remains on a sustainable fiscal path with higher growth, given the high public debt at the Centre and state level.