With the global economic scenario and slowing down demand in advanced economies with continued aggressive monetary tightening by central banks, the States’ effective investments can ramp up their spending which will have a critical bearing on the pace of the Indian economy.
The States and Expenditure:
How State Expenditure can help for growing Economy?
In response to the financial slowdown and its impact on the economy, the government plays a key role by increasing its spending in order to boost economic growth. Some of the roles include;
Impact of government spending on the economy
Possible implications:
The Union government has recently clarified that henceforth; off-budget borrowings would be considered as borrowing of the state government and would be subject to the provisions of Article 293(3) of the Constitution of India. |
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DELHI (Karol Bagh)
GS SCORE, 1B, Second Floor, Pusa Road, Karol Bagh, New Delhi - 110005 (Beside Karol Bagh Metro Station Gate No. 8)
BHUBANESWAR (Jaydev Vihar)
GS SCORE, Plot No.2298, Jaydev Vihar Square, Near HCG Day Care, BBSR - 751013
LUCKNOW (Aliganj)
GS SCORE, 2nd Floor, B-33, Sangam Chauraha, Sector H, Aliganj, Lucknow, UP - 226024