The paper presents the policymakers’ perspective on the reforms undertaken to manage states’ debt and ensure solvency. While the sustained high growth rates of the Indian economy played a part in alleviating the interest burden on debt and ensuring that the debt does not grow in an explosive trajectory, major reforms were implemented to reverse the fiscal decline, develop fiscal responsibility rules to ensure sustained adjustment, and move toward...
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INFORMATION
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2012/04/01
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Document de travail de recherche sur les politiques
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WPS6039
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1
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1
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2012/04/01
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Disclosed
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Managing state debt and ensuring solvency : the Indian experience
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Poverty Reduction & Economic Management
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