Journal Press India®

Growth Story NDA versus UPA: Is Special Status of Indian States Justified?

Vol 7 , Issue 1 , January - June 2020 | Pages: 1-21 | Research Paper  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/vision.v7i1.195702


Author Details ( * ) denotes Corresponding author

1. * K. V. Bhanu Murthy, Professor, Department of USME, Delhi Technological University, Delhi, India (bhanumurthykv@yahoo.com)

As a sequel to an earlier paper, this paper considers the growth patterns of SDP (State Domestic Product) amongst Special and non-Special States. Using semi-log growth equations and a Convergence Index, the paper demonstrates that the state GDP of non-Special States has grown at 13.86% per annum while GDP of Special States amounts to 14.20% (ACGR). The Special States have converged with non-Special States at the rate of 0.29% per annum. However, the pattern of convergence was prominent during UPA1 and UPA2 while during NDA1 and NDA2, Special states have receded from Non-Special States. Special States grew faster during NDA 2 regime (2014 onwards). Thus the conclusion is that Special status is justified, especially during the recent NDA regime. The growth rate of former J&K State has been reasonably high, irrespective of whether it was NDA or UPA regime. This counters the argument of instability in J&K. During NDA2 former J&K States’ growth was over 20% per annum for the period 2014-2016!!

Keywords

Special status; State domestic product; Growth patterns; J&K.

  1. Bhaskar, V. & Gupta, B. (2007). India's development in the era of growth. Oxford Review of Economic Policy, 23(2), 135-142. Retrieved from https://doi.org/10.1093/oxrep/grm021.
  2. Chadha, N. & Nandwani, B. (2019). Growth, development spending, and inequality in Indian states. Economic and Political Weekly, 54(11), 45.
  3. Kohli, A. (2006). Politics of economic growth in India, 1980-2005: Part I: The 1980s. Economic and Political Weekly, 41(13), 1251-1259. Retrieved from http://www.jstor.org/stable/4418028.
  4. Murthy, K. V. B. (2015). An analysis of socio-economic objectives of India’s tax policy. VISION: Journal of Indian Taxation, 2(2), 14-27.
  5. Murthy, K. V. B. (2018). State-local financial relations in India. VISION: Journal of Indian Taxation, 5(1), 42-59. DOI: 10.17492/vision.v5i1.13275.
  6. Murthy, K. V. B. (2018)a. Trends in own revenue of Indian states: Is special status justified? VISION: Journal of Indian Taxation, 5(2), 28-43. DOI: 10.17492/vision.v5i2.14520.
  7. Nayak, C., & Satpathy, P. (2017). Federal finance in India: An analysis of discretionary transfers. VISION: Journal of Indian Taxation, 4(1), 1-18.
  8. Panda, P. (2017). Budgetary impacts of central fiscal transfers in India: Evidence from state level Data. VISION: Journal of Indian Taxation, 4(2), 20-38.
  9. Shand, R., & Bhide, S. (2000). Sources of economic growth: regional dimensions of reforms. Economic and Political Weekly, 35(42), 3747-3757. Retrieved from http://www.jstor.org/stable/4409864.
  10. Sucharita, S. (2016). Revenue-expenditure Nexus for India. VISION: Journal of Indian Taxation, 3(1), 1-15.
  11. Umesh, M. (2015). Centre-state financial relations: The federal aspects of Indian taxation. VISION: Journal of Indian Taxation, 2(1), 64-74.
Abstract Views: 263
PDF Views: 21

Advanced Search

News/Events

Institute of Managem...

Deccan Education Society Institute of Management Development and Re...

S.B. Patil Institute...

Pimpri Chinchwad Education Trust's S.B. Patil Institute of Mana...

D. Y. Patil IMCAM, A...

D. Y. Patil Institute of Master of Computer Applications & Managem...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management International Conference on ...

Department of Commer...

Department of Commerce, Faculty of Commerce & Business, University...

Birla Institute of M...

Birla Institute of Management Technology (BIMTECH) 3rd Pritam Singh M...

OP Jindal University...

OP Jindal University, India 4th International Conference on  ...

Department of MBA, N...

Department of MBA, Narayana Engineering College Nellore International...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management Conference Proceedings,...

Online Proceedings R...

Conference Proceedings, March 2023 ISBN: 978-81-956810-6-8 ...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.