Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/83853 
Year of Publication: 
2004
Series/Report no.: 
Working Paper No. 555
Publisher: 
University of California, Economics Department, Santa Cruz, CA
Abstract: 
This paper assesses India'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.
Document Type: 
Working Paper

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