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Gadgil Formula refers to the allocation of:
market borrowings between the States
Central Plan assistance between the States
tax proceeds between the States
foreign aid between the Centre and States
The Gadgil formula is named after Dhananjay Ramchandra Gadgil, a social scientist and the first critic of Indian planning. It was evolved in 1969 for determining the allocation of central assistance for state plans in India
By: Parvesh Mehta ProfileResourcesReport error
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