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Good monsoons had little impact on state deficits

Good monsoons had little impact on state deficits
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First Published: Thu, Jul 07 2011. 11 15 PM IST
Updated: Thu, Jul 07 2011. 11 15 PM IST
Among other beneficial effects, such as higher output and reduced inflation, one would expect that the deficits of states would be reduced in years of good monsoon due to lower transfer payments. Unfortunately, as the chart shows, this has not been the case.
Also See | Chart of the day (Graphic)
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First Published: Thu, Jul 07 2011. 11 15 PM IST