IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2021-06-6.html
   My bibliography  Save this article

Public Finances of India: Are you surprised?

Author

Listed:
  • Ratna Vadra

    (Economics and International Business, Institute of Management Technology, Ghaziabad, India)

Abstract

Public finances in India are at a turning point. Analysis of the past data shows that no major improvement in any of the major fiscal indicators. Restructure of debt, reforms in power sector and implementation of other issues under MTFRP hold promise for future. The Centre is carefully treading the path of fiscal prudence but State finances are slipping. The main objective of this paper is to suggest restructuring of public finances of the Centre and state governments to provide macroeconomic stability, equitable growth in the country and improve efficiency of resources. The paper also suggests ways to augment revenue resources and contraction in expenditure On the contrary, other fiscal indicators have shown significant deterioration. Thus the claims about fiscal adjustment are illusory. Fiscal consolidation in India perhaps need more attention and commitment. A comparison of deficits of Centre and state are made from period 1991-92 to 2016-17.

Suggested Citation

  • Ratna Vadra, 2021. "Public Finances of India: Are you surprised?," International Journal of Economics and Financial Issues, Econjournals, vol. 11(6), pages 48-55.
    • Handle: RePEc:eco:journ1:2021-06-6
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijefi/article/download/11732/pdf
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijefi/article/view/11732/pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Public Finance; India; revenue; expenditure; deficits.;
    All these keywords.

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2021-06-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.