Fiscal Policy in India: Lessons and Priorities
This paper assesses Indiaâ€™s current fiscal situation, its likely future evolution, and impacts on the economy. We examine possible reforms of macroeconomic policy (including fiscal, monetary and exchange rate policy) and broader institutional reforms that will bear on the macroeconomic situation. We also consider the political feasibility of possible reforms. We examine both medium and longer run scenarios, and fiscal sustainability and adjustment going beyond conventional government budget deficits, to include off-budget liabilities, both actual and contingent. We conclude with our assessment of reforms focused on improving the fisc.
|Date of creation:||01 Feb 2004|
|Date of revision:|
|Contact details of provider:|| Postal: Santa Cruz, CA 95064|
Phone: (831) 459-2743
Fax: (831) 459-5077
Web page: http://www.escholarship.org/repec/ucscecon/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bell, Clive & Rousseau, Peter L., 2001.
"Post-independence India: a case of finance-led industrialization?,"
Journal of Development Economics,
Elsevier, vol. 65(1), pages 153-175, June.
- Clive Bell & Peter L. Rousseau, 2000. "Post-Independence India: A Case of Finance-Led Industrialization?," Vanderbilt University Department of Economics Working Papers 0019, Vanderbilt University Department of Economics.
- Ila Patnaik & Ajay Shah, 2005. "Interest-rate risk in the Indian banking system," Risk and Insurance 0501003, EconWPA.
- Willem H. Buiter, 1990. "Principles of Budgetary and Financial Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262524139.
- Robert Gillingham & Daniel Kanda, 2001. "Pension Reform in India," IMF Working Papers 01/125, International Monetary Fund.
- Alberto Alesina & Roberto Perotti, 1997. "Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects," IMF Staff Papers, Palgrave Macmillan, vol. 44(2), pages 210-248, June.
- Panicos O. Demetriades & Kul B. Luintel, 1997.
"The Direct Costs Of Financial Repression: Evidence From India,"
The Review of Economics and Statistics,
MIT Press, vol. 79(2), pages 311-320, May.
- Panicos Demetriades & Kul B. Luintel, 1995. "The Direct Costs of Financial Repression: Evidence from India," Keele Department of Economics Discussion Papers (1995-2001) 95/12, Department of Economics, Keele University.
- Renu Kohli & Kenneth Kletzer, 2001. "Financial Repression and Exchange Rate Management in Developing Countries; Theory and Empirical Evidence for India," IMF Working Papers 01/103, International Monetary Fund.
- Eichengreen, Barry, 1995.
"Financing Infrastructure in Developing Countries: Lessons from the Railway Age,"
World Bank Research Observer,
World Bank Group, vol. 10(1), pages 75-91, February.
- Eichengreen, Barry, 1994. "Financing infrastructure in developing countries : lessons from the Railway Age," Policy Research Working Paper Series 1379, The World Bank.
- Barry Eichengreen., 1994. "Financing Infrastructure in Developing Countries: Lessons from the Railway Age," Economics Working Papers 94-230, University of California at Berkeley.
- Eichengreen, Barry, 1994. "Financing Infrastructure in Developing Countries: Lessons from the Railway Age," Department of Economics, Working Paper Series qt39z8346j, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December.
- Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall.
- Bencivenga, V.R. & Smith, B.D., 1988.
"Financial Intermediation And Endogenous Growth,"
RCER Working Papers
124, University of Rochester - Center for Economic Research (RCER).
- Kiminiori Matsuyama, 1994.
"Complementaries and Cumulative Processes In Models of Monopolistic Competition,"
1106, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Kiminori Matsuyama, 1995. "Complementarities and Cumulative Processes in Models of Monopolistic Competition," Journal of Economic Literature, American Economic Association, vol. 33(2), pages 701-729, June.
- Giovannini, Alberto & de Melo, Martha, 1993. "Government Revenue from Financial Repression," American Economic Review, American Economic Association, vol. 83(4), pages 953-63, September.
- Rodriguez, Carlos Alfredo, 1991. "The macroeconomics of the public sector deficit : the case of Argentina," Policy Research Working Paper Series 632, The World Bank.
- Valerie R. Bencivenga & Bruce D. Smith, 2003. "Monetary policy and financial market evolution," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 7-26.
- Liviatan, Nissan, 1984. "Tight money and inflation," Journal of Monetary Economics, Elsevier, vol. 13(1), pages 5-15, January.
- Srinivasan, T. N., 1996. "Economic liberalization and economic development: India," Journal of Asian Economics, Elsevier, vol. 7(2), pages 203-216.
- V. Pandit, 2002. "Sustainable Economic Growth for India: An Exercise in Macroeconomic Scenario Building," Working papers 100, Centre for Development Economics, Delhi School of Economics.
- Brian E. Dollery & Joseph Garcea & Edward C. LeSage Jr (ed.), 0. "Local Government Reform," Books, Edward Elgar Publishing, number 12592, April.
When requesting a correction, please mention this item's handle: RePEc:cdl:ucscec:qt67t3p20w. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Schiff)
If references are entirely missing, you can add them using this form.