Six Essential Questions in Indian Public Finance

Review article based on Studies in Indian Public Finance by M Govinda Rao




In his latest book, Dr. M Govinda Rao, one of India’s foremost public finance experts, distills the insights of the field of public finance for students, scholars, practitioners, and lay readers alike. Studies in Indian Public Finance is a must-read for anyone interested in Indian public policy.


Public Finance, Taxation, Public expenditure, Intergovernmental transfers, Subsidies, M Govinda Rao


Download data is not yet available.

Author Bio

Pranay Kotasthane, Takshashila Institution

Pranay Kotasthane is deputy director of the Takshashila Institution and chairs the High Tech Geopolitics Programme. He co-writes Anticipating the Unintended, a newsletter on public policy ideas and frameworks and co-hosts Puliyabaazi, a popular Hindi-Urdu podcast on politics and policy and technology. He has co-edited India’s Marathon: Reshaping the Post-Pandemic World Order.


Rao, M.G. and Mundle S (1991), ‘Volume and Composition of Government Subsidies in India, 1987-88’. Economic and Political Weekly 26, no. 18 (5 June 2015): 7–8.

Rao, M.G. and Kumar S (2017), ‘Envisioning Tax Policy for Accelerated Development in India’, NIPFP Working Paper 190, (February 2017)

Mahendru A et al., ‘Inequality kills: India Supplement 2022’. Oxfam India (16 Jan 2022)

Engel, Eduardo M., Galetovic, A. and Raddatz, Claudio E., ‘Taxes and Income Distribution in Chile: Some Unpleasant Redistributive Arithmetic’. NBER Working Paper No. w6828, (December 1998). Available at SSRN:

Rao, M.G. ‘Tax Sops - Their Cost and Efficacy’. Business Standard India, 4 May 2010.

‘Tax Policy Is Not Kamadhenu, Says Govinda Rao | ET BFSI’. Accessed 2 September 2022.

Rao M.G., ‘Central Transfers to States in India: Rewarding Performance While

Ensuring Equity’, NITI Aayog (September 2017)