A Medium-term Fiscal Reform Strategy for Gujarat State in India

Abstract:     
The economic slow-down of several States in India including Gujarat during the later half of 90s has caused considerable disturbance in the State's fiscal equilibrium. The fiscal deficit has more than doubled during last five years and government's debt has jumped up from 17 percent of GSDP to 26 percent. Although the matters are not as critical as in some other States, it is time for initiating steps to restore the fiscal equilibrium. In this paper, an attempt is made to suggest a medium term strategy to restore the fiscal balance that is also conducive for sustainable economic growth in the State.

Number of Pages in PDF File: 15

Keywords: India, Gujarat, Fiscal Reform

JEL Classification: C5, E6, H0, H1, H3, H4, H5, H6, H7, H8, O5

Case and Teaching Paper Series