000			01602nam a22001457a 4500
999			_c524672 _d524672
008			240110b ||||| |||| 00| 0 eng d
100			_aDogga, M.S., Tak, P. Cheruku, J.K. _947915
245			_aFiscal discipline and its relationship with economic growth in India: Evidence-based policy analysis
260			_aIndian Journal of Public Administration
300			_a69(4), Dec, 2023: p.753-765
520			_aThis study attempts to make an empirical analysis to evaluate the procedural progress of India in terms of public policy parameters. The study constructs a composite Fiscal Performance Index (FPI) for the period 1990–2018. The reported values show that the FPI has been significantly increasing over the last two-three decades. However, it is clearly evident that the fiscal discipline was slightly poor during the period 1998–1999 to 2003–2004. Since 2003–2004, there has been a consistent increasing trend in the fiscal discipline till 2007–2008 global financial crisis. The constructed index was further utilised to establish its relation with economic growth. The causal relationship from FPI to GDP growth is evident in the long run. The study suggests that, as a federal nation, the Central government should encourage governments at all levels to promote fiscal discipline by formulating macroeconomic policies in line with the Fiscal Responsibility and Budget Management Act, 2003. – Reproduced https://journals.sagepub.com/doi/abs/10.1177/00195561231166851
773			_aIndian Journal of Public Administration
906			_aECONOMIC DEVELOPMENT
942			_cAR