Fiscal Imbalances and Debt Sustainability in India: The Role of Growth, Unemployment, and Interest Burden
DOI:
https://doi.org/10.48047/gs1kr624Keywords:
Public debt; fiscal deficit; unemployment; economic growth; fiscal responsibility; IndiaAbstract
The dynamics in the post-reform period of the Indian public debt are not only characterised by the presence of fiscal imbalances but also by the interplay between deficit financing, employment pressures, growth performance and increasing interest commitments. Although traditional methods of debt sustainability tend to use the traditional focus on fiscal discipline, the experience in India has indicated that structural labor market factors
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References
Asian Development Bank (ADB). (2021). Asian Development Outlook 2021: Financing a green and inclusive recovery. Manila: Asian Development Bank.
Barro, R. J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98(5), S103–S125.
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