second decade of the 21st century, India ranked third in the world in terms of GDP (based on purchasing power parity), after … order to quantify and evaluate the social effects of the economic growth in India and its dynamics in the analysed time … of the trends in the said index proves that the rapid economic growth in India after the year 1991 has brought about …

of tax reform, fiscal consoli- dation, and expenditure policy reform. These have been undertaken after economic … liberalization in order to sustain a high economic growth. Despite the several fis- cal policy initiatives, there is a persistent … transfer) of 15 major states of India. Our empirical result shows that state’s revenue (i.e. tax revenue and indirect tax) and …

. Policy and Analyses Chapter -- 7. Reflexive, not Reflective Monetary Policy -- Chapter 8. The COVID Crisis and Response … the same. The book questions the approach to macroeconomic policy of both the RBI and the government and brings out what … it takes for macroeconomic policy to be supportive of high growth. It contains revealing contrasts with East Asia and …