R
Ramana Gove

The major ways to come out of this scenario are 1. to adopt austerity measures in public spending 2.to focus and accelerate mechanisms to create sources of earning for the masses and 3.thrust on debt raising for areas of revenue generation rather than for expenditure 4.by laying more stress on the potential utility of the human and natural resources of the respective states.Needless to say that the buoyancy of centre’s coffers depends on states’ performance and vice versa.The need for the states and centre to go in tandem, be it in planning and preparing or focusing and funding the projects and their timely execution to reap the intended benefits to boost the economy of the nation as a whole is more now than ever.Else,it seems inevitable to navigate through troubled waters !