Reclaiming Tamil Nadu’s fiscal autonomy and sustaining its growth model (opens original article in a new tab)

Tamil Nadu's white paper outlines fiscal challenges, including declining tax revenue, unsustainable debt, and reduced fiscal autonomy, exacerbated by structural issues and demographic changes.

• Tamil Nadu's white paper highlights fiscal challenges including declining tax revenue and unsustainable debt levels.
• The state faces reduced tax sovereignty due to GST implementation and decreasing Union government transfers.
• Structural issues like an aging population and rigid expenditure commitments exacerbate the fiscal crisis.