Centre plans, states perform

India, that is Bharat, is a Union of states. It goes without saying that in an essentially market-based economy like India’s, where the share of the state sector has been declining, where the fiscal capability of the Centre has been circumscribed and its political authority has waned, the growth rate of the economy is increasingly a sum of its parts. This is a sobering thought on the eve of the launch of India’s 12th Five-Year Plan (2012-17).

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