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  3. India's Fiscal Policy
  • Cited by 1
Publisher:
Cambridge University Press
Online publication date:
July 2017
Print publication year:
2016
Online ISBN:
9781316591345
DOI:
https://doi.org/10.1017/9781316591345
Subjects:
Economics, Economic Theory, Finance and Accountancy
Information

Book description

This book seeks to balance normative prescriptions on fiscal policy with its practical aspects in the context of the Indian scenario. In doing so, it brings together views of leading experts from academic and policy spheres. It highlights the specificities of Indian fiscal policy and studies current issues like the impact of development expenditures, the Goods and Services Tax (GST), the challenge of reducing subsidies and different aspects of political economy. India's Fiscal Policy discusses rapid developments in the field following the fiscal stimulus of 2008, subsequent attempts at fiscal consolidation and the formation of the NDA government. It focuses on policy and political considerations and adopts a wider approach for the analysis of fiscal policy by taking into consideration aspects such as the effectiveness and targeting of social expenditures, which are essential for a critical analysis of the Indian policy matrix.

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