Tuesday, May 12, 2020

Study on Indian Government Debts and Deficits and Its...

[pic] Study on government deficits and debts in India. How do government debt-deficit sustainability issues hinder India’s growth Abstract Emerging nation India has high hopes of becoming a developed nation. In recent time Indian economy is considered as the fastest growing economy hence there are certain drawbacks such as the government deficits, debts which hinder India from achieving their goal. Development of nation is based on several factors and its more important for every nation to encourage changes, although metamorphic changes have been brought about in the Indian economy every now and then which has seen India emerging as one of the fastest growing countries in the world but on the other hand one of the most embarrassing†¦show more content†¦There are various types of debts which companies consider to finance its projects and operations. These may be secured or insecure debts, further categorised into public and private debts. A basic loan is the simplest form of debt. Some of the debts are named as following †¢ Bank Overdraft †¢ Any loan †¢ Working Capital †¢ Bill Discounting â⠂¬ ¢ Financing for project †¢ Cash credit †¢ Cash on Assets. DEFICITS Again in simple words it is the difference between money earned and money spent, here in terms of government deficits it is considered as the annual federal budget and accordingly deficit is the amount that nation’s federal government borrows each year. Its the difference between what the federal government spends and the revenue it receives during a particular year. A governments deficit can be measured with or without including the interest it pays on its debt. 2. What are government debts and deficits? As discussed above a deficit occurs when expense is more than income. In case of government, a government deficit occurs when government has spent more than the revenue collected in particular financial year, in other words its also knows as government budget deficit. These revenues consist of the money that government collects from its public in form of income tax, excise duties, and social insurance contribution, along with different other non-tax revenues such as foreign aid. On the other handShow MoreRelatedIndian Fiscal Policy Impacts9621 Words   |  39 Pages Batch 2010-12 Student’s Signature Azhar Shokin Topic: - Impact of Fiscal Policy on Indian Economy Contents * Introduction * Literature Review * Research * Article * Analysis * Data and Methodology * Main Findings * Conclusion * Recommendations * References Impact of Fiscal Policy on Indian Economy Introduction In economics, fiscal policy is the use of government expenditure and revenue collection to influence the economy. Fiscal policy can be contrastedRead MoreExport Led Growth of India3114 Words   |  13 PagesEconomic Growth of India Economic Growth is one of the foremost goals of policymakers throughout the world. 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