Published August 30, 2025
| Version CC-BY-NC-ND 4.0
Journal article
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Fiscal Deficit & its Impact on Economic Growth
Creators
- 1. Department of Technology Management (Finance), Mukesh Patel School of Technology Management and Engineering, NMIMS University, Mumbai (Maharashtra), India.
Contributors
Contact person:
- 1. Department of Technology Management (Finance), Mukesh Patel School of Technology Management and Engineering, NMIMS University, Mumbai (Maharashtra), India.
Description
Abstract: The paper examines the fiscal deficit in India, its components, and historical trends across both pre- and postliberalisation eras. It explores the dual role of fiscal deficits as tools for economic growth and potential barriers to financial stability. Positive impacts include economic stimulus, job creation, and infrastructure development, while negative aspects involve inflation, debt sustainability, and crowding out of private investments. The analysis encompasses key drivers, including government spending, subsidies, and tax policies, as well as the impact of external shocks such as the COVID-19 pandemic. Our findings conclude with policy recommendations for sustainable fiscal management and future research directions.
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Additional details
Identifiers
- DOI
- 10.35940/ijmh.F1785.11120825
- EISSN
- 2394-0913
Dates
- Accepted
-
2025-08-15Manuscript Received on 20 January 2025 | First Revised Manuscript Received on 12 July 2025 | Second Revised Manuscript Received on 12 August 2025 | Manuscript Accepted on 15 August 2025 | Manuscript published on 30 August 2025.
References
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