They must shun profligate policies, and strengthen their fiscal position to create the policy space needed to deal with possible economic shocks that may arise in the future.

State governments must address fiscal risks (18 January)

The latest editorials by leading writers and columnists from the pages of the Indian Express.<br />New episodes - everyday. <br />For more info log on to indianexpress.com/audio or write to us at <a href="mailto:podcasts@indianexpress.com">podcasts@indianexpress.com</a>

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The latest editorials by leading writers and columnists from the pages of the Indian Express.New episodes - everyday. For more info log on to indianexpress.com/audio or write to us at podcasts@indianexpress.com

The latest editorials by leading writers and columnists from the pages of the Indian Express.<br>New episodes - everyday. <br>For more info log on to indianexpress.com/audio or write to us at <a href="mailto:podcasts@indianexpress.com" rel="noopener noreferrer">podcasts@indianexpress.com</a>

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State governments must address fiscal risks (18 January)

State governments must address fiscal risks (18 January)