An attempt has been made in this paper to develop a budget model by appropriately linking the various macro-economic and budgetary variables to offer a frame work for analysing the impact of budgeting on growth and inflation. The author first discusses the current trends in budgeting, growth and...

In relation to GDP, India's public debt and interest payments are high compared with most other emerging economies and rating agencies have put India's sovereign debt at the lowest investment grade. On the other hand, India benefits from strong economic growth and needs to increase spending on...

In relation to GDP, India's public debt and interest payments are high compared with most other emerging economies and rating agencies have put India's sovereign debt at the lowest investment grade. On the other hand, India benefits from strong economic growth and needs to increase spending on...

Current fiscal transparency and reporting practices in India place it behind most peer G20 economies, implying that policy makers are lacking critical data to ground their fiscal and other economic planning decisions. The increasing use of off-budget financing at the central government level in...

Uttar Pradesh most populous State experienced almost the same pattern of fiscal deterioration as did the other States. In the beginning of the nineties all the fiscal parameters were showing the deficit of significant magnitude. As there was no effort on the part of the State such imbalances...

The Indian Economic Surveys 2018-19 and 2019-20 views the economy in either a virtuous or a vicious cycle of Savings, investment & export with investment and export as the key drivers of the cycles. The current paper focuses on the dilemma of choosing between the two alternatives, i.e., export...