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The fiscal consolidation framework mandates all state governments in India to keep their fiscal deficit-GDP ratio at 3.5 percent. The extra-borrowing powers (0.5 percent) of the states are linked to power sector restructuring. Kerala is not an exception to this rule. The fiscal deficit for 2023-24 is pegged ...
Budget: Going beyond the GDP
02/02/2023
(Co-authored with Balamuraly B.)
The Union Budget was presented against the backdrop of geopolitical risks and macroeconomic uncertainties of mounting global inflation. The fiscal arithmetic however is grounded on the path towards fiscal consolidation, pegging a fiscal deficit to 5.9 per cent in FY 23 and to 4 ...
Fiscal Policy for Sustainable Development in Asia-Pacific' is an inspiring read on gender budgeting
31/01/2023
Book Review
Lekha Chakraborty, Fiscal Policy for Sustainable Development in Asia Pacific: Gender Budgeting in India, Palgrave Macmillan, 2021.
Until recently fiscal policy and government budgets were thought to be matters that had no differential impacts on the lives of women and men. Dr. Lekha Chakraborty has ...
Interview by Kavita Rao, Director NIPFP, given to Informist Media Pvt. Ltd. New Delhi, on January 20, 2023.
By Priyasmita Dutta and Krity Ambey
NEW DELHI – While staying the course on fiscal consolidation will be a priority for the upcoming Union Budget, the government may have to ...
Budget 2023 must target fiscal consolidation while supporting specific sectors: NIPFP’s Pandey
27/01/2023
Given the uncertain global environment, Finance Minister Nirmala Sitharaman also needs to focus on capex, as also on labour-intensive manufacturing.
India’s central government must aim to lower its fiscal deficit gradually while taking measures to tackle sector-specific issues in the upcoming budget for 2023-2024, according to Radhika Pandey, Senior ...