India Public Finance and Policy Report 2016 Fiscal Issues and Macro Economy

The India Public Finance and Policy Report 2016, a flagship endeavour of the Centre for Training and Research in Public Finance and Policy (CTRPFP), debates contemporaneous issues in public finance and public policy from a national and a global perspective. This inaugural volume on "Fiscal Issues and Macro Economy" presents a comprehensive survey of India's fiscal policy, offering new insights on the state of public finance in the country from a contemporary, historical, and futuristic perspective.

Among other areas, the report addresses the
· Dynamic interlinkages between different macroeconomic variables
· Importance of intergovernmental transfers in states' fiscal performance
· Effect of fiscal policies of global leaders on South Asian economies
· Connections between the demographic patterns and economic growth
· Role of imports in economic development
· Interdependencies of fiscal policies within South Asian countries
· Impact of external factors on domestic fiscal policy
· Comparative fiscal performance of Indian states, using latest statistics

Written in lucid and non-technical language, this is an authoritative and in-depth commentary on the essential policy debates of present-day India.

Jyotsna Jalan is Professor of Economics, Centre for Studies in Social Sciences, Calcutta (CSSSC), India.

Sugata Marjit is Vice Chancellor, University of Calcutta, Kolkata, India and the Reserve Bank Chair of Industrial Economics, CSSSC.

Sattwik Santra teaches economics at the Centre for Training and Research in Public Finance and Policy (CTRPFP), CSSSC.

Preface
Acknowledgements
List of Tables, Figures, and Boxes
List of Abbreviations and Acronyms

India's Fiscal Policy: Past, Present, and the Way Forward
Centre for Training and Research in Public Finance and Policy

1. Intergovernmental Transfers and Fiscal Performance of Indian States
Jayanta Kumar Dwibedi
2. Deficit Management and Its Implications for Inflation
M. Ramachandran and Hersch Sahay
3. Demographic Changes and Economic Growth: Observations from India
Pranab Kumar Das and Saibal Kar
4. India: Importing Growth from Abroad?
Sugata Marjit and Sattwik Santra
5. Fiscal Policy Interdependencies and Contagion Effects in South Asia
Fabrizio Carmignani
6. Assessing Fiscal Performance of Indian States: A Composite Fiscal Index
Sugata Marjit, Jayanta Kumar Dwibedi, and Koushik Kumar Hati

Statistical Appendix
About the Editors and Contributors