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How the Union Budget 2021-22 and 15th Finance Commission Might Shape India's Public Finances
Wed, March 3rd, 2021
Zoom Webinar
Since 2015, India has seen many changes on the fiscal front — including a significant increase in states' share of the union's taxes, a complete overhaul of the indirect tax system, the restructuring of schemes, rampant use of off-budget borrowing, and large fiscal adjustments necessitated by the COVID-19 crisis. These changes have far-reaching consequences for India's political economy, institutions, and economic policies.
Against this backdrop, Suyash Rai and Josh Felman discussed how the Union Budget 2021-22 and the recommendations of the 15th Finance Commission might shape India's public finances in the coming years.
Format:
- Presentation by Suyash Rai: 30 minutes
- Comments by Josh Felman: 15 minutes
- Q&A: 15 minutes
Related Content
- Suyash Rai, Before Modi govt can hope to fix India’s economy, it should fix how it manages Budget, January 29, 2020, ThePrint
- Suyash Rai, Budget 2021: The Ghosts of the Past, Present and Future, January 30, 2021, TheWire.in
- Suyash Rai, Many good things in Budget 2021. But wait for Modi govt to show its will, capability, February 2, 2021, ThePrint
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
Event Speakers
Suyash Rai
Former Fellow, Carnegie India
Suyash Rai was a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India.
Josh Felman
Josh Felman is the former International Monetary Fund (IMF) resident representative to India. During his long career at IMF, he held many senior positions. He now runs a macroeconomic consulting firm based in Washington DC. Between 2015 and 2017, he provided technical assistance to the Ministry of Finance, Government of India. He did his graduate work at Oxford University.