Transformative Financial Strategies: Driving Fiscal Efficiency in India
Year: 2024
Type: article
Abstract: This paper delves into the critical role played by transformative financial strategies in enhancing fiscal efficiency within India. Through a comprehensive approach that integrates literature review and relevant data, recent transformative initiatives are analyzed. The research sheds light on the contextual significance and successful implementation of these strategies, gauging their impact on fiscal resource allocation and broader economic performance. It identifies and tackles challenges, ranging from institutional complexities to socio-political considerations associated with adopting such strategies. Furthermore, the studyassesses the repercussions of these strategies on fiscal efficiency, examining their contributions to economic growth, stability, and socioeconomic equity. In conclusion, the paper offers well-informed policy recommendations, aiming to optimize the execution and impact of transformative financial strategies, ultimately fostering sustained economic growth and inclusive development in India.
Authors: Baliyan, Deepa, Kumar, Vinit
Institution: Government of Uttar Pradesh
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7204040649