Transcription of Fiscal Policy in India: Trends and Trajectory
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0 Fiscal Policy in India: Trends and Trajectory Supriyo De* January, 2012 * Officer on Special Duty to the Chief economic Adviser, Ministry of Finance, Government of India 1 Content Page No. Foreword 2 Disclaimer and acknowledgements 3 Abstract 3 Introduction 4 Basic concepts 5 India s Fiscal Policy architecture 6 Evolution of Indian Fiscal Policy till 1991 8 Liberalization, growth, inclusion and Fiscal consolidation (1991-2008) 14 Crisis and return to Fiscal consolidation: The maturing of Indian Fiscal Policy ?
Fiscal policy is composed of several parts. These include, tax policy, expenditure policy, investment or disinvestment strategies and debt or surplus management. Fiscal policy is an important constituent of the overall economic framework of a country and is therefore intimately linked with its general economic policy strategy. Fiscal policy ...
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And Fiscal Management, Economic, AND FISCAL POLICY, Fiscal policy, Fiscal, MANAGEMENT, Fiscal management, Public debt and monetary policy, Policy, Role in Ensuring Economic Stability, Fiscal policy, public debt management and government, Fiscal policy, public debt management and government bond markets