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Fiscal Policy, Decentralization and Economic Growth in India

Pradeep S. Chauhan




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 |  2010-07-31 | Original language:English | PDF # 1 |  1.00 x5.80 x8.70l,.0 | File type: PDF | 295 pages

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When India's economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to enhance tax and non-tax revenue, curtail current expenditure growth, restructure public sector undertakings, improve fiscal-monetary co-ordination, and deregulate financial system. The need for improvements in budgetary practices led to the enactment of the Fiscal Responsibility and B...

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