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The Challenge of Fiscal Reform in India

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  • Raghbendra Jha

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Abstract

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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File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2001/WP2001_11.pdf
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Bibliographic Info

Paper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2001-11.

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Length: 27
Date of creation: 2001
Date of revision:
Handle: RePEc:pas:asarcc:2001-11

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  1. Jha, Raghbendra, 2001. "Macroeconomics of Fiscal Policy in Developing Countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  2. Sah, Raaj Kumar, 1983. "How much redistribution is possible through commodity taxes?," Journal of Public Economics, Elsevier, vol. 20(1), pages 89-101, February.
  3. Jha,R., 2000. "Reducing Poverty and Inequality in India: Has Liberalization Helped?," Research Paper 204, World Institute for Development Economics Research.
  4. J. Humberto Lopez & K. Schmidt-Hebbel & Luis Servén, 2000. "How Effective is Fiscal Policy in Raising National Saving?," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 226-238, May.
  5. Loayza, Norman & Schmidt-Hebbel, Klaus & Serven, Luis, 2000. "What drives private saving around the world?," Policy Research Working Paper Series 2309, The World Bank.
  6. Gaurav Datt, 1999. "Has Poverty Declined since Economic Reforms? Statistical Data Analysis," Development Research Unit Working Paper Series archive-31, Monash University, Department of Economics.
  7. Roger H. Gordon & John D. Wilson, 2001. "Expenditure Competition," NBER Working Papers 8189, National Bureau of Economic Research, Inc.
  8. Raghav Gaiha, 2000. "Do Anti-poverty Programmes Reach the Rural Poor in India?," Oxford Development Studies, Taylor & Francis Journals, vol. 28(1), pages 71-95.
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Cited by:
  1. Bernardi, Luigi & Gandullia, Luca & Fumagalli, Laura, 2005. "Tax Systems and Tax Reforms in South and East Asia: Overview of Tax Systems and main policy issues," MPRA Paper 1869, University Library of Munich, Germany.
  2. Bernardi, Luigi & Fumagalli, Laura & Gandullia, Luca, 2005. "Tax systems and tax reforms in south and East Asia: Overview of the tax systems and main policy tax issues," MPRA Paper 18214, University Library of Munich, Germany.

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