Financing Cities in India
Municipal Reforms, Fiscal Accountability and Urban Infrastructure
- Prasanna K. Mohanty - Chair Professor of Economics, University of Hyderabad
How is management of municipal finances related to economic growth and productive employment in urban India?
This book identifies Indian municipalities as among the weakest globally in terms of access to resources, revenue-raising capacity and fiscal autonomy. Advocating reforms in these sectors, it discusses the lack of clarity, consistency, adequacy and predictability in municipal taxation, user charging, inter-governmental transfers and development financing as key factors plaguing city finances.
Topical and up-to-date, the book brings out the need to align particular types of revenues to particular categories of expenditure so that services can be delivered in a responsive, transparent and accountable manner.
P.K. Mohanty’s Financing Cities in India is a timely intervention that seeks to address this growing sense of frustration among citizens living in urban India.