000			01482nam a2200217Ia 4500
999			_c75845 _d75845
005			20220705155200.0
008			200204s9999 xx 000 0 und d
020			_a019567488X
082			_a338.9 SUS
100			_aHeller, Rachelle S. (ed.)
245		0	_aSustainable fiscal policy for India
260			_aNew Delhi
260			_bOUP
260			_c2006
300			_a454 p.
365			_b 695.00
365			_dRS
520			_aIndia s economy has grown rapidly since the beginning of the 1990s despite a large and growing fiscal deficit and rising public levels relative to output. This book explores whether India has found a way to reconcile sustained expansionary fiscal policies with relative macroeconomic stability. Drawing on the views of some of the most knowledgeable experts on macroeconomics and fiscal policy, with wide ranging experience in both other emerging market countries as well as in India, it seeks to understand the strengths and weaknesses of India s policies in managing its fiscal position. This volume argues why India does not face serious macroeconomic problems in spite of large fiscal imbalances but at the same time incurring hidden costs on the economy in terms of foregone potential for even higher economic growth. It warns that time is running out for India to address these fiscal imbalances in a way that does not result in enhanced vulnerability to macroeconomic crisis.
650			_aSustainable development
942			_cB _2ddc