Evaluate the Fiscal policy of India and give suggestion for its reforms.
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Through the fiscal policy, the government of a country controls the flow of tax revenues and public expenditure to navigate the economy. If the government receives more revenue than it spends, it runs a surplus, while if it spends more than the tax and non-tax receipts, it runs a deficit.
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Fiscal policy refers to the taxation and expenditure decision of government. It includes various policies like export policy, investment policy, disinvestment policy, expenditure policy etc. to achieve the development of nation. ... The fiscal reforms in India address both revenue as well as expenditure related policies.♥️
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