Government Budgeting and Fiscal Policy: A Case Study of India
Author(s): Dr Ashok Kumar Mishra
Publication #: 1501034
Date of Publication: 20.08.2015
Country: India
Pages: 161-169
Published In: Volume 1 Issue 1 August-2015
Abstract
This research paper explores the nuances of government budgeting and fiscal policy in India, examining its historical evolution, key components, impact on economic growth, challenges, reforms, and future outlook. Through an analysis of historical data and policy measures, the paper sheds light on the complex landscape of fiscal management in India and offers insights into the country's economic trajectory. Key findings include the significance of fiscal policy in stimulating growth, promoting social welfare, and addressing developmental challenges. Despite progress, India faces challenges such as fiscal deficits, tax evasion, and infrastructure bottlenecks, which necessitate policy reforms and proactive measures for sustainable development. The paper concludes with policy recommendations aimed at enhancing revenue mobilization, promoting fiscal consolidation, improving public expenditure efficiency, investing in infrastructure, addressing social sector needs, and adapting to global economic dynamics.
Keywords: Government budgeting, Fiscal policy, India, Economic growth, Challenges, Reforms, Policy recommendations
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