With the economic centre of gravity shifting to states, India’s growth hinges on cooperative federalism. | The Indian Express

With the economic centre of gravity shifting to states, India’s growth hinges on cooperative federalism. | The Indian Express

Written by Duvvuri Subbarao |Updated: November 18, 2019 9:52:46 am

Duvvuri Subbarao, former RBI governor, is a retired IAS officer. Views are personal.

With the economic centre of gravity shifting to states, India’s growth hinges on cooperative federalism.

India’s prospects, including our aspiration for a $5 trillion economy, depend on the Centre and the states working together.

India’s prospects, including our aspiration for a -trillion economy, depend on the Centre and the states working together.

In the World Bank’s Ease of Doing Business index released last month, India ranked 63, an impressive jump from its lowly rank of 142 when the Narendra Modi government first came into office in 2014. Yet, there is anecdotal evidence of investors being frustrated by venality, indifference and corruption at the operating level.