Conclusion for increasing public expenditure in india
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Public expenditure is also referred as Government expenditure. It is incurred by the government to provide public goods & services, and to service debts.The expansion in government activities during the planning period has resulted in a huge rise in the public expenditure.Growth of the Public Expenditure ↓Before independence, there was no planning in India and hence no effort was made on the part of the government to provide welfare services but the accelerating growth of government expenditure began in late seventies.The table shows the rapid rise in public expenditure over the years. The ratio of public expenditure to GDP has increased steadily from 9.1% in 1950-51 to 28.3 in 2005-06.There has been tremendous increase in total public expenditure during the perioc 1960-61 to 2005-06.
The total public expenditure increased from Rs.2,631 crores in 1960-61 to Rs.9,99,563 crores in 2005-06.
The total public expenditure increased from Rs.2,631 crores in 1960-61 to Rs.9,99,563 crores in 2005-06.The ratio of Public Expenditure to national income in India is one of the highest in developing countries. But in India as a sizeable proportion of population is living below the poverty line. Many people fail to obtain even necessaries for human survival. They hardly derive any benefit from the public expenditure.....
1. Population Growth
1. Population GrowthDuring the past 50 years of planning, the population of India has increased from 36.1 crore in 1950-51, it has crossed over 102 crore in 2001. The growth in population requires massive investment in health and education, law and social order, etc. A young population requires increasing expenditure on education & youth services, whereas the aging population requires transfer payments like old age pension, social security & health facilities.
1. Population GrowthDuring the past 50 years of planning, the population of India has increased from 36.1 crore in 1950-51, it has crossed over 102 crore in 2001. The growth in population requires massive investment in health and education, law and social order, etc. A young population requires increasing expenditure on education & youth services, whereas the aging population requires transfer payments like old age pension, social security & health facilities.2. Defence Expenditure
1. Population GrowthDuring the past 50 years of planning, the population of India has increased from 36.1 crore in 1950-51, it has crossed over 102 crore in 2001. The growth in population requires massive investment in health and education, law and social order, etc. A young population requires increasing expenditure on education & youth services, whereas the aging population requires transfer payments like old age pension, social security & health facilities.2. Defence ExpenditureThere has been enormous increase in defence expenditure in India during planning period. According to Economic Survey 2006-07 the defence expenditure of central government was Rs.10,874 crores in 1990-91 which has increased significantly to Rs.51,542 crores in 2006-07.
1. Population GrowthDuring the past 50 years of planning, the population of India has increased from 36.1 crore in 1950-51, it has crossed over 102 crore in 2001. The growth in population requires massive investment in health and education, law and social order, etc. A young population requires increasing expenditure on education & youth services, whereas the aging population requires transfer payments like old age pension, social security & health facilities.2. Defence ExpenditureThere has been enormous increase in defence expenditure in India during planning period. According to Economic Survey 2006-07 the defence expenditure of central government was Rs.10,874 crores in 1990-91 which has increased significantly to Rs.51,542 crores in 2006-07.The defence expenditure has increase tremendously due to modernisation of defence equipment used by army, navy and airforce. India cannot postpone modernisation in defence specially when its neighbouring countries are buying the latest defence equipments from developed countries of the world.
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