State of Public Finance and Fiscal Management in India during 2001-16
- Sacchidananda Mukherjee
- May 2019
- National Institute of Public Finance and Policy (NIPFP)
- India
The objective of the present paper is to assess the impact of the shocks in Indian public finances and identify challenges for the times to come. Though increasing revenue (‘front loading’) and reducing expenditure (‘back loading’) are common responses to any fiscal shock, understanding intertemporal implications of those responses with specific to changing structure of intergovernmental fiscal transfers could be an interesting exercise.
