Logo
Munich Personal RePEc Archive

Analysing Union Budget 2022-23: Fiscal Policy and Global Uncertainties

Chakraborty, Lekha S (2022): Analysing Union Budget 2022-23: Fiscal Policy and Global Uncertainties.

[img] PDF
MPRA_paper_112700.docx

Download (56kB)
[img]
Preview
PDF
MPRA_paper_112700.pdf

Download (230kB) | Preview

Abstract

Against the backdrop of mounting geopolitical risks and inflationary pressures, if RBI will hike the policy rates, the growth recovery process may slow down. At the same time, keeping the policy rates status quo for prolonged period could catalyse the de-anchoring of inflationary expectations. The union budget 2022-23 has accommodated high fiscal deficits and has emphasised on “crowding-in” effects of public infrastructure investment. The intensity of global macroeconomic uncertainties on economic recovery in India can be lessened through sustainable fiscal and monetary policy co-ordination.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.