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

In: India’s Contemporary Macroeconomic Themes

Author

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  • Pinaki Chakraborty

    (Institute of Development Studies)

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.

Suggested Citation

  • Pinaki Chakraborty, 2023. "Post-covid Fiscal Recovery in India: Uncertainty, Growth, and Fiscal Prudence," India Studies in Business and Economics, in: D. K. Srivastava & K. R. Shanmugam (ed.), India’s Contemporary Macroeconomic Themes, chapter 0, pages 73-85, Springer.
    • Handle: RePEc:spr:isbchp:978-981-99-5728-6_4
    DOI: 10.1007/978-981-99-5728-6_4
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