Fiscal Deficit and Economic Growth in an Economy Term Paper

financial dearth and Economic Growth in an Economy - Term Paper ExampleFiscal Deficit and Economic Growth in an EconomyIndia is a member nation of BRICS and the country is identified to be a developing economy. The country holds a global standing with respect to gross national overlap (GDP) and purchasing power parity (PPP). Multiple ups and down are identified within the economic organise of the country. However, despite of all the tediousness within its economic structure, the nation has projected remarkable survival instincts and has finally displayed an appreciable response against its economic and fiscal issues. Such situations often results in deteriorating the rate of economic reading as a result of the financial incapability of the government in context to spending more than on the economic developmental procedures. Irrespective of all these economic achievements, multiple economists in the present scenario realise still questioned regarding the fiscal stability of th is nation, which in the practical scenario can be considered to be on the threshold of collapsing (Kumar, 2014). The increased provision of government subsidies within public distribution services and sectors can be considered as the prime factors that has crippled the revenue generating capabilities of India. Understanding the gravity of the destabilizing economic and fiscal situation, the present government has shown its wide awake participation towards the implementation of appropriate fiscal modifications within the New Years budget.