Year: 2015
Type: dissertation
Abstract: The fiscal scenario of the central government in India has been unsustainable particularly during the post-liberalization era primarily because of heavy public \nexpenditure. Therefore, public debt plays an important role in order to match between expenditure and revenue collection of the government, which in turn could affect the overall macroeconomic performance. The economic \nconsequences of high fiscal deficits results in heavy public debt during post-reform periods as compared to pre-reform periods. On the other hand, the reduction in economic growth particularly from 2010-11 poses challenge in reducing the public debt as a percentage to GDP.
Authors: Debi Prasad Bal, Badri Narayan Rath
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2621321338