Opinion | How PFMS is ensuring transformation via digital inclusion
With an objective of bringing in transformational accountability and transparency and to further promote good governance, the Indian government envisioned Public Financial Management System (PFMS).
Governance in India has long been marred with structural challenges like transparency, lack of accountability and sustainable and inclusive growth. Since independence, some of these challenges proved to be major impediments in the growth trajectory of the nation. The challenges in fact crippled India’s growth during formative years post-independence.