Access your reading here to learn how local and state government polices influence the economy. in a paragraph or two, explain how local and state government polices influence the economy. discuss the pros and cons of at least two examples from the article.

Fiscal policy is the policy of government spending and tax to impact the economy. Governments generally use fiscal policy to encourage strong and sustainable growth and decrease poverty.

Local and state government policies

Local governments are critical actors in economic development in India. Ideally, they play a significant role in the execution of national economic development programs, and they seek local economic development policies to support economic growth.

State economic development policies need to hit a balance. They require to be aligned with national economic policy preferences, but they also need to be adjusted to the local context.

Pros:

-Little area to observe and manage

-Familiarity by the government with the region

Cons:

- Regulations may be misaligned with the National or Regional Level

-If the Local Government is corrupt, there will be a major hindrance to the development

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