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IJNRD
INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
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Paper Title: Fiscal and Monetary Policies for Economic Growth and Development
Authors Name: S. Siva Prasad , Dr. K. Satya Bhaskar Reddy
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IJNRD_183835
Published Paper Id: IJNRD2211046
Published In: Volume 7 Issue 11, November-2022
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Abstract: There is a citation “India is a rich country, but Indians are the poor” – Prof. Galbreth According to IMF report India is sixth richest country in the world as per nominal national income. As per the real national income the growth rate is being declined after pandemic situation. Economic Growth means to increase the output consequently is called economic growth. Any side of this the development of institutional and technological development is called economic development. Fiscal Policy applied by the government by changing the tax rates, expenditure etc., for making stabilization in inflation. Monetary Policy is framed by MPC which is headed by Reserve Bank of India for maintain the stability in inflation by adopting qualitative and quantitative measures. There is an inverse relationship between inflation and economic growth. Unless maintain the stability in inflation, the economic growth rate achievement is not possible. In the same way industrial policies were framed by Indian government since 1948 to 1991, the main objectives of these policies to sustain and improve the industrial growth rate in the country and global economy.
Keywords: Inflation, Economic Growth, Development, Employability, Quantitative & Qualitative Measures
Cite Article: "Fiscal and Monetary Policies for Economic Growth and Development", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 11, page no.a424-a432, November-2022, Available :http://www.ijnrd.org/papers/IJNRD2211046.pdf
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ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID:IJNRD2211046
Registration ID: 183835
Published In: Volume 7 Issue 11, November-2022
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Page No: a424-a432
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Research Area: Engineering
Publisher : IJ Publication
Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2211046
Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2211046
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ISSN: 2456-4184
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