The Challenge of Fiscal Reform in India Jha, Raghbendra

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Author
Jha, Raghbendra
Subjects
fiscal policy; india; public expenditure
Summary
This paper argues that the growth performance of the Indian economy, while commendable by the standards of the pre reform period, is not adequate to rid India of the bane of poverty in a short enough time period. Two reasons are identified for this inadequate growth performance viz., low rate of savings and investment and poor productivity of public sector investments. The paper then discusses the design of fiscal policy to help raise the rate of saving and investment and improve the productivity of public expenditures.
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http://trove.nla.gov.au/work/39302
Work ID
39302

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