Question

How can financial and fiscal policy help promote development?​

Answer 1

Answer:

In India, it plays a key role in elevating the rate of capital formation, both in the public and private sectors. The fiscal policy helps mobilise resources for financing projects. ... Fiscal policy planning gives the larger chunk of funds for regional development so as to achieve a balanced regional development.

Explanation:

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Answer 2

Answer:

ADVERTISEMENTS: Fiscal policy helps to accelerate the rate of economic growth by raising the rate of investment in public as well as private sectors.

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1st answer