The Challenge of Fiscal Reform in India
AbstractThis 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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Bibliographic InfoPaper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2001-11.
Date of creation: 2001
Date of revision:
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