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The India Public Finance and Policy Report 2016, a flagship endeavour of the Centre for Training and Research in Public Finance and Policy (CTRPFP), debates contemporaneous issues in public finance and public policy from a national and a global perspective. This inaugural volume on 'Fiscal Issues and Macro Economy' presents a comprehensive survey of India's fiscal policy, offering new insights on the state of public finance in the country from a contemporary, historical, and futuristic perspective.Among other areas, the report addresses thedynamic interlinkages between different macroeconomic variablesimportance of intergovernmental transfers in states' fiscal performanceeffect of fiscal policies of global leaders on South Asian economiesconnections between the demographic patterns and economic growthrole of imports in economic developmentinterdependencies of fiscal policies within South Asian countriesimpact of external factors on domestic fiscal policycomparative fiscal performance of Indian states, using latest statistics Written in lucid and non-technical language, this is an authoritative and in-depth commentary on the essential policy debates of present-day India.