Economic and Financial Centralization
An important aspect of the division of powers is the centralization of economic and financial authority in the hands of the central government. While states bear significant responsibilities, they have limited revenue sources compared to the central government.
Chapter 7: Federalism in Indian Constitution| Class 11 Polity Notes
The concept of federalism in the Indian Constitution reflects the intricate balance between recognizing regional diversity and upholding national unity. Envisaged by the leaders of the national movement, federalism was seen as essential for governing a vast and culturally diverse country like India.