Progressive Fiscal Policy in India (Electronic book text)

Progressive Fiscal Policy in India locates the prevailing fiscal policy in the overall macroeconomic policy regime of the nation. It presents a rigorous critique of the predominance of fiscal conservatism and neoliberal fiscal orthodoxy over the last two decades. The book develops a strong case for bringing forth progressive change in the country's fiscal policy and explores the role of public policies and institutions in addressing the development deficits confronting the country. Authored by leading economists and policymakers of India, the contributions in this book address issues of equity in our fiscal and macroeconomic policies, which rarely figure, in any meaningful sense, in the mainstream fiscal policy deliberations. The book puts forth persuasive and cogent arguments for the pursuance of an active fiscal policy promoting growth as well as a greater equity in distribution, which in turn may lead to accelerated rate of poverty reduction and a desired pace of human development.