Cooperative Federalism & Competitive Federalism in Economic Strategy

Discuss whether formation of new states in recent times is beneficial or New States & not for the economy of India.

Examine the evolving pattern of Centre-State financial relations in the context of planned development in India. How far have Fiscal Federalism the recent reforms impacted the fiscal federalism in India?

Explain how the Fiscal Health Index (FHI) can be used as a tool for assessing the fiscal performance of states in India. In what way Fiscal Health would it encourage the states to adopt prudent and sustainable fiscal policies?