M. GovindaRao
Studies in Indian Public Finance
Studies in Indian Public Finance
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Studies in Indian Public Finance is a comprehensive analytical study of Indian public finance, evaluating it in the context of theories and best practice approaches. It argues that public expenditure policies are dominated by political economy considerations, with low revenue productivity constraining government ability to finance infrastructure. The book also analyses fiscal federalism and the effects of the COVID-19 pandemic on Indian public finances.
Format: Hardback
Length: 272 pages
Publication date: 12 May 2022
Publisher: Oxford University Press
Indian Public Finance is a thorough and analytical examination of Indian public finance, taking into account theoretical frameworks and best practices. It provides a comprehensive analysis of public spending and its financing, covering the nature and composition of these expenditures. The book begins by addressing normative questions about the role of the State in public expenditure policies. It argues that political economy considerations heavily influence these policies in India. The low revenue productivity of the tax system has posed significant challenges to the government's ability to finance physical and social infrastructure adequately, leading to elevated levels of large deficits and debt, which threaten stability and sustainability.
Furthermore, the book delves into the trends and issues of Indian fiscal federalism and assesses the effectiveness of intergovernmental transfers in a country characterized by wide inter-regional disparities. The analysis also extends to examining the devastating impact of the COVID-19 pandemic on Indian public finances.
This book is valuable for students of economics, scholars engaged in research on the subject, and policymakers seeking to understand and address the challenges of Indian public finance. It offers a comprehensive and insightful perspective on the topic, contributing to the existing literature on public finance in India.
Weight: 470g
Dimension: 224 x 147 x 19 (mm)
ISBN-13: 9780192849601
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