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Indian Public Finance Review

Tracking India's budgets, fiscal trends, taxation, debt, expenditure, and public finances.

Growth on Paper, Stress in the Ledger

The narrative is compelling. Tamil Nadu’s investment narrative is built on headline MoUs and global summit announcements. Tamil Nadu, we are told, is India’s most investor-friendly state. So why, year after year, does...

Kerala's Economy: The Debt Trap Behind The Success Story

I. Introduction: The Paradox At The Heart Of The Communist Welfare State Kerala is celebrated as a model state with a 95.3% literacy rate and exceptional social indicators. However, its success relies heavily on...