Two-Thirds of the Spending, Twenty-Eight Different Futures: Why One Fiscal Template Will Fail India's States
The Ministry of Finance hosted a two-day conference, "Financing India's Journey towards Viksit Bharat," with state finance ministers in New Delhi on September 18-19, 2026. The background paper it shared, reported by the Financial Express and carried in The Indian Express, identifies new structural pressures on state budgets. It estimates that about 8% real growth a year is needed to reach the 2047 target.