Introduction Fiscal discipline and stability are crucial for any economy aiming for sustainable growth. In India, fiscal deficits have historically been a recurring concern due to high expenditure on subsidies, welfare schemes, and developmental projects, combined with limited revenue mobilization. To address the growing fiscal imbalance, the Government of India has constituted various committees from…
Introduction Monetary policy is a critical component of a country’s macroeconomic management. It involves regulating the money supply, interest rates, and credit availability in the economy to maintain price stability, ensure adequate liquidity, and foster economic growth. In India, the Reserve Bank of India (RBI) is entrusted with the responsibility of formulating and implementing monetary…
Introduction India’s economic aspirations rest heavily on sound fiscal management. The fiscal deficit and public debt are critical indicators of a nation’s financial health. While these are not inherently problematic, their sustained rise poses significant challenges for macroeconomic stability, inflation control, and long-term growth. Over the past few years—especially post-COVID-19—India has witnessed a marked increase…