Fiscal Deficits, Growth Dynamics, and Debt Sustainability in India: An Econometric and Policy Analysis
Keywords:
Public Debt; Fiscal Deficit; GDP Growth; Unemployment; Debt Sustainability; IndiaAbstract
Public debt sustainability remains one of the central policy challenges for emerging economies,where high fiscal deficits and growth volatility often undermine macroeconomic stability. India’s experience over the last three decades offers valuable insights into the interplay betweenfiscal deficits, interest payments
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References
Asian Development Bank (ADB). (2021). Asian Development Outlook 2021: Financing a green and inclusive recovery. Manila: ADB.
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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