Chapter

Fiscal Policy and Trade Policy

Vijay Joshi and I. M. D. Little

in India's Economic Reforms, 1991-2001

Published in print September 1996 | ISBN: 9780198290780
Published online November 2003 | e-ISBN: 9780191596506 | DOI: http://dx.doi.org/10.1093/0198290780.003.0003
 Fiscal Policy and Trade Policy

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The reforms of the tariff and trade controls are the basis of this chapter. Tariff reform has direct consequences on the rest of the economy leading to an analysis of the fiscal policy and domestic taxation. It examines the changes in direct and indirect taxes imposed by the central states. It also examines the continuing role of subsidies, using agriculture as an example, as a negative effect on the economy. The authors analyse the changes and suggest ways to improve the economic situation.

Keywords: central subsidy; fiscal deficits; protection; state expenditure; tariffs; taxation; trade controls

Chapter.  15579 words. 

Subjects: Economic Development and Growth

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