This book investigates the intricate mechanics of fiscal federalism in India, framing the relationship between the Union and the States as a complex, evolving game. The authors, G.R. Reddy and Y.V. Reddy, utilize their extensive expertise to analyze the institutional shifts that have redefined Indian economic governance since 2014. By evaluating the transition from the Planning Commission to NITI Aayog and the implementation of the GST Council, the text provides a rigorous framework for understanding the persistent tensions and structural challenges inherent in the nation's federal financial system.

Experts recognize this work as a significant contribution to the study of Indian public finance, particularly for its clear articulation of complex institutional overlaps. Readers frequently note the clarity with which the authors navigate dense policy topics, making it a foundational text for students and practitioners of Indian political economy.