The Intergovenmental Relations and Fiscal Decentralization in India

Abstract

India is society time immemorial believes in decentralization. Its oldest literature refers 'panch' means five, implies importance of group of person for any political decision and rendering justice. This implies that super power can't be enjoyed alone, but shared amongst equals. On this basis old ages rulers were administering important affairs with delegating power to local subordinates. King Akbar in 16th century introduced land and revenue reforms with help of well represented ministry known as 'nine gems' and delegated executive powers to local bodies. After independence from the British rule, in the year 1947, the nation adopted republic democratic parliamentary system and adopted its basic charter to run affairs of the nation on 26th January 1950, the Constitutional Law of India serves as root and stem for federalism and its stand for half century is robust and time tested.

Keywords: India, federalism, constitution

JEL Classification: E6