Post-covid Fiscal Recovery in India: Uncertainty, Growth, and Fiscal Prudence

Pinaki Chakraborty ()
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Pinaki Chakraborty: Institute of Development Studies

Chapter Chapter 4 in India’s Contemporary Macroeconomic Themes, 2023, pp 73-85 from Springer

Abstract: Abstract India needs to sustain post-Covid fiscal improvements reflected in buoyant revenue growth, reduced pressure on expenditure and a reduction in public debt and deficits. However, the debt ratio of the general government (Union and States) remains at an elevated level. A targeted reduction in debt and deficit, a compositional shift of the Union government’s capital expenditure, and a state specific rebalancing of the FRBM framework may help fasten the process of fiscal recovery and growth.

Date: 2023
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DOI: 10.1007/978-981-99-5728-6_4

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