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Fiscal deficit and inflation in India: A study in nexus
Fiscal deficit and inflation in India: A study in nexus
Ashutosh Raravikar
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This book covers the econometric data of India between 1985 and 2002-03. The observed correlation between the rise in deficits and inflation levels (Referring to the Wholesale Price Index or WPI) provided the impetus for the author's research. Credit also goes to the University of Mumbai and to the University of Pune for playing their parts in allowing this professional rebuttal and rebuke to the worship of big government, deficit financing, and more importantly to the academic clout of the socialist-marxist flavor of the Delhi University's academic flatulence, which has consistently chipped away at any common sense and reasonable restraint on the disastrous central planning in India since its supposed independence in 1947
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