NDLI: Improving the fiscal system

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OECD Economic Surveys: India 2007

Assessment and recommendations

India's key challenges to sustaining high growth

India's growth pattern and obstacles to higher growth

Reforming India's product and service markets

Improving the performance of the labour market

Reforming the financial system

Improving the fiscal system

Removing infrastructure bottlenecks

Improving human capital formation

Improving the fiscal system

Content Provider	OECD iLibrary
Organization	OECD
Abstract	This chapter examines areas of government spending, taxation and fiscal federalism where further reforms are desirable to reduce economic distortions and improve the provision of public services. As to government spending, it finds that a large share is used to subsidise commercial undertakings, agriculture and food distribution and that there is much room to improve the quality of spending and target it better to reduce poverty. On taxes, which have undergone major reforms since the early 1990s, it points to the large number of loopholes and suggests that a broadening of the tax bases would allow further reductions in tax rates and make the system simpler and more efficient. Reforms of indirect taxes should focus on creating a common market within India so that goods can move between states without border controls. India’s federal structure has led to a well-developed system of tax-sharing and transfers, both through constitutionally empowered bodies and delivered through the annual budget. Overall, this transfer system has worked well; moving resources towards the poorest states, but the system has become very complex and, in the past, weakened fiscal discipline. Furthermore, it has not been able to create an effective local government system; this would be important for improving accountability and responsiveness to citizens’ needs as three-quarters of the population live in states with over 50 million inhabitants.
Page Count	36
Starting Page	163
Ending Page	192
Language	English
Publisher	OECD Publishing
Publisher Date	2007-10-09
Access Restriction	Open
Subject Keyword	Economics
Content Type	Text
Resource Type	Chapter

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