Abstract
The article discusses the comparative analysis of the decentralization of economic decision making in China and India through pursuing market-oriented reforms and devolving fiscal functions to local governments. It notes the economic deregulation in India in 1991 and its decentralization of the fiscal system from state to local government. The authors also highlight the tax reform of China in 1994 in which it assigned taxes to the central government.
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CITATION STYLE
Jin, Y., Ligthart, J., & Rider, M. (2011). The Evolution of Fiscal Decentralization in China and India: A Comparative Study of Design and Performance. Journal of Emerging Knowledge on Emerging Markets, 3(1). https://doi.org/10.7885/1946-651x.1065
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