India's Fiscal Model Unveiled: Path to Sustainable Growth Revealed
The article examines how to achieve sustainable economic growth by improving fiscal policies in India. By analyzing data from 1980 to 2016, the researchers found that reducing government debt and improving tax revenue can lead to better fiscal health. Fiscal consolidation, which involves reducing the fiscal deficit, is crucial for stable development. The study highlights the importance of balancing fiscal parameters and growth to avoid falling into a debt trap.