International Journal of Applied Research
Vol. 1, Issue 9, Part M (2015)
An overview of India’s Debt: An analytical study
The aim of this paper is to assess the relationship between government and non-government revenue and expenditure. The research uses the annual data covering from 1991 to 2014. It is an important topic in public economics, given its relevance as a priority for policy especially with respect to the budget deficit with special reference to India, Indonesia, Bangladesh, china USA and Russia. The tests indicate that there is a bidirectional causal relationship between expenditure and revenues in the long run as there is a huge difference positively increasing year by year with the same. The government makes its expenditure and revenues decision simultaneously. Under this scenario the fiscal authorities of these countries with budget deficits should raise revenues and decrease spending simultaneously in order to control.
How to cite this article:
Safeer Pasha M, Mohan Kumar MS, Banu Prakash TN. An overview of India’s Debt: An analytical study. Int J Appl Res 2015;1(9):832-834.