Study on government deficits and debts in India. How do government debt-deficit sustainability issues hinder India’s growth
Abstract
Emerging nation India has high hopes of becoming a developed nation. In recent time Indian economy is considered as the fastest growing economy hence there are certain drawbacks such as the government deficits, debts which hinder India from achieving their goal. Development of nation is based on several factors and its more important for every nation to encourage changes, although metamorphic changes have been brought about in the Indian economy every now and then which has seen India emerging as one of the fastest growing countries in the world but on the other hand one of the most embarrassing disappointment during the reform period has been India’s inability to hold the fiscal deficit. Indian government deficits and public debt have remained high regardless of rapid economic growth in recent years and irregular attempts to inspire greater fiscal discipline. This paper describe possible reason for these government and other debts, further paper also focus on how these debt- deficit are major problem in India’s growth.
Table of contents
CHAPTERS
1. Introduction
1. What are debts and deficits?
2. What are government debts and deficits?
3. What is Fiscal deficit and Budget deficit?
4. Why should debt and deficit matter?
2. Objectives
1. How did countries accumulate large debts and deficits?
2. Inflation and Output Stabilisation.
3. What are Indian government debts and deficits?
4. How to reduce Government deficit?
3. Literature Review
1. Introduction
2. Economic effects of deficits
3. Government debt-deficit sustainability issues
4. Fiscal deficits and government debt in India.
5. Procyclicality of the fiscal balance in India.
6. Effects of government debts and deficit on India’s growth.
4. Methodology
5. Data Analysis &