ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Growth Impetus, Fiscal Dominance and Macroeconomic Concerns

The budget focuses on accelerating growth by increasing capital expenditures and compressing the fi scal defi cit. However, excluding the additional loan to the states, the capital expenditure as a ratio of gross domestic product is actually lower. Reducing the fi scal defi cit by compressing subsidies and transfers may also pose challenges. Finally, the interest-free loan to the states seems to be a strategy to ensure binding control over their borrowings for the next 50 years.

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Updated On : 26th Mar, 2022
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