Two-day conference of state finance ministers, secretaries concludes with focus on Viksit Bharat financing
The two-day meet covered the macroeconomic outlook, financing agricultural transformation and the energy transition, and stressed Centre-state coordination in the spirit of "Team India".
A two-day conference of state finance ministers and secretaries has concluded, focusing on financing for a "Viksit Bharat". The meeting covered macroeconomic outlook, agricultural transformation, energy transition, and Centre-state coordination.
Fifteenth Finance Commission chairman NK Singh delivered the keynote address, emphasizing the need for higher savings, stronger private investments, and prudent state finances to achieve the "Viksit Bharat" financing strategy. According to The Economic Times, he also stressed the importance of a new centre-state economic compact.
NK Singh, also president of the Institute of Economic Growth, called for competitive federalism, where states can compete on development parameters and share experiences. He noted that consultative mechanisms for meaningful dialogue between the Centre and states have been lacking, even during the Planning Commission era.
Brief written by urgent.news from The Economic Times - Economy, Hindustan Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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