International Journal of Social Science & Economic Research
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Title:
A Review on the Issues of Vertical and Horizontal Fiscal Imbalances in India

Authors:
Lalthlamuana Ralte and K. Vanlalhruaitluanga

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Lalthlamuana Ralte1 and K. Vanlalhruaitluanga2
1. Assistant Professor, Department of Economics, Pachhunga University College, Mizoram University
2. Guest Faculty, Department of Economics, Pachhunga University College, Mizoram University

MLA 8
Ralte, Lalthlamuana, and K. Vanlalhruaitluanga. "A Review on the Issues of Vertical and Horizontal Fiscal Imbalances in India." Int. j. of Social Science and Economic Research, vol. 9, no. 11, Nov. 2024, pp. 4900-4906, doi.org/10.46609/IJSSER.2024.v09i11.001. Accessed Nov. 2024.
APA 6
Ralte, L., & Vanlalhruaitluanga, K. (2024, November). A Review on the Issues of Vertical and Horizontal Fiscal Imbalances in India. Int. j. of Social Science and Economic Research, 9(11), 4900-4906. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i11.001
Chicago
Ralte, Lalthlamuana, and K. Vanlalhruaitluanga. "A Review on the Issues of Vertical and Horizontal Fiscal Imbalances in India." Int. j. of Social Science and Economic Research 9, no. 11 (November 2024), 4900-4906. Accessed November, 2024. https://doi.org/10.46609/IJSSER.2024.v09i11.001.

References

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ABSTRACT:
India is known for its diversity in terms of ethnicity, religion, language, etc. There is also a wide spectrum of subnational or local governments that largely differ in territorial size, population, volume of economic activities, and endowments. One of the main manifestations of this inequality could be the persistence of vertical and horizontal fiscal imbalance across states and local governments and between different tiers of local governments. This imbalance led to a series of equalization measures taken by the central government by way of transferring resources based on certain criteria. This paper reviews issues relating to vertical and horizontal fiscal imbalances in India which highlight the low level of own resource generation found in many states and in most local governments, which hampers the scope of autonomous local decision-making.

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