Visiting Senior Fellow, Praveen Chakravarty writes for the Bloomberg Qunit, on the inequities of fiscal burdens for different states in India.
"It is no coincidence that Tamil Nadu has witnessed a spate of recent protests against everything that seemingly threatens its identity. It may be tempting to interpret the economic disparity among India’s states as a case for more redistribution from the richer to the poorer states. But given India’s unique political and social diversity, it will likely be counter-productive with adverse consequences. The time has come to let India’s states determine their own destinies, fiscally and politically."
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