Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Growth of Indian Public Debt PDF full book. Access full book title The Growth of Indian Public Debt by Raja J. Chelliah. Download full books in PDF and EPUB format.
Author: Raja J. Chelliah Publisher: International Monetary Fund ISBN: 1451959028 Category : Business & Economics Languages : en Pages : 51
Book Description
This paper traces the causes of the rapid growth of India’s public debt, with special reference to internal debt. It then demonstrates that the growth of debt would become unsustainable by the end of the 1990s if the present trends continue. It develops a methodology to iterate the path of growth of debt to discover the sustainable level of the primary deficit. Finally, it suggests concrete measures to bring down the primary deficit.
Author: Raja J. Chelliah Publisher: International Monetary Fund ISBN: 1451959028 Category : Business & Economics Languages : en Pages : 51
Book Description
This paper traces the causes of the rapid growth of India’s public debt, with special reference to internal debt. It then demonstrates that the growth of debt would become unsustainable by the end of the 1990s if the present trends continue. It develops a methodology to iterate the path of growth of debt to discover the sustainable level of the primary deficit. Finally, it suggests concrete measures to bring down the primary deficit.
Author: Raja Chelliah Publisher: ISBN: Category : Languages : en Pages : 51
Book Description
This paper traces the causes of the rapid growth of India`s public debt, with special reference to internal debt. It then demonstrates that the growth of debt would become unsustainable by the end of the 1990s if the present trends continue. It develops a methodology to iterate the path of growth of debt to discover the sustainable level of the primary deficit. Finally, it suggests concrete measures to bring down the primary deficit.
Author: Petia Topalova Publisher: International Monetary Fund ISBN: 1451961839 Category : Business & Economics Languages : en Pages : 28
Book Description
This paper discusses possible medium-term public debt targets for India, based on evidence from the economic literature on prudent levels of public debt and the feasibility for the country to meet a particular target over the next 5-6 years. While recognizing the challenges in determining an appropriate debt target, cross-country analysis and simulations suggest that a debt ratio in the range of 60-65 percent of GDP by 2015/16 might be suitable for India. Such a debt ceiling, while still above the average debt level for emerging markets, is within the range of debt ratios that would provide room for countercyclical fiscal policy and contingent liabilities. It would also send a strong signal of the government's commitment to fiscal consolidation by making a clear break with the past.
Author: Gaobo Pang Publisher: World Bank Publications ISBN: Category : Access to Finance Languages : en Pages : 33
Book Description
Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent years accelerating to 9 percent. Yet by 2005-06, the general government debt-to-GDP ratio was 34 percentage points higher than in the 1980s. The authors examine the links between public finances and growth in the post-1991 period. They argue that the main factor in the deterioration of government debt dynamics after the mid-1990s was a reform-induced loss in trade, customs, and financial repression taxes. Over time, these very factors plus lower entry barriers have contributed to stronger microfoundations for growth by increasing competition and hardening budget constraints for firms and financial sector institutions. The authors suggest that the impressive growth acceleration of the past few years, which is now lowering government indebtedness, can be attributed to the lagged effects of these factors, which have taken time to attain a critical mass in view of India's gradual reforms. Similarly, the worsening of public finances during the late 1990s can be attributed to the cumulative effects of tax losses, the negative growth effects of cuts in capital expenditure that were made to offset the tax losses, and a pullback in private investment (hence, growth and taxes), a situation which is now turning around. Insufficient capital expenditures have contributed to the infrastructure gap, which is seen as a constraint especially for rapid growth in manufacturing. The authors discuss ongoing reforms in revenue mobilization and fiscal adjustment at the state level, which if successfully implemented, will result in a better alignment of public finances with growth by generating further fiscal space for infrastructure and other development spending.
Author: Raja J. Chelliah
Author: Raja J. Chelliah
Author: Raja Chelliah
Author: D. K. Mishra
Author: Kiran Barman
Author: Raja Jesudoss Chelliah
Author: Petia Topalova
Author: Gaobo Pang
Author: B. S. Sreekantaradhya
Author: Kiran Barman
Author: Nikhil Saket