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 the dynamic interlinkages between different macroeconomic variables importance of intergovernmental transfers in states' fiscal performance effect of fiscal policies of global leaders on South Asian economies connections between the demographic patterns and economic growth role of imports in economic development interdependencies of fiscal policies within South Asian countries impact of external factors on domestic fiscal policy comparative 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.