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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 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Analysing The Fiscal Performance Of Uttar Pradesh: A Multidimensional Approach |
| Authors Name: | Prof. R.K. Maheshwari , Swapnil Sharma |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_181771
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| Published Paper Id: | IJNRD2206049 |
| Published In: | Volume 7 Issue 6, June-2022 |
| DOI: | |
| Abstract: | State governments are required to accomplish various functions assigned to them by the Central government, and to meet these developmental expenditures, they heavily depend on borrowings. If these borrowings are not kept within a manageable limit, it may lead to macroeconomic issues. In the nineties, many States were facing an increase in their stock of debt and a massive fiscal deficit. Uttar Pradesh is experiencing fiscal difficulties since 1990s, when the gross fiscal deficit increased from 1.58 percent of GSDP in 1994-95 to 4.32 percent of GSDP in 2019-20 and revenue deficit, the most problematic of all increased from 0.66 percent of GSDP in 1994-95 to 2 percent of GSDP in 2003-04. Increase in Debt-GSDP ratio is alarming for the state from the perspective of fiscal policy. This paper aims to develop a usable framework to evaluate the fiscal performance of the state and to do so, this paper adopts a multidimensional approach and constructed a composite index by using Principal Component Analysis. The study aims to analyze the fiscal performance of the state after the implementation of FRBM Act. The study utilizes data from the period 1990-91 to 2019-20 to analyse the problem of fiscal imbalance reflected in fiscal parameters like fiscal deficit, revenue deficit, primary deficit and public debt etc. |
| Keywords: | Fiscal Imbalance, Macroeconomic Stability, Fiscal deficit, Revenue Deficit, Public Debt, Composite Fiscal Performance Index. |
| Cite Article: | "Analysing The Fiscal Performance Of Uttar Pradesh: A Multidimensional Approach", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 6, page no.436-447, June-2022, Available :http://www.ijnrd.org/papers/IJNRD2206049.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 |
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Published Paper ID:IJNRD2206049 Registration ID: 181771 Published In: Volume 7 Issue 6, June-2022 DOI (Digital Object Identifier): Page No: 436-447 Country: Lucknow, Uttar Pradesh, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2206049 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2206049 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016
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