TIME SERIES ANALYSIS OF FISCAL PARAMETERS: A STUDY OF UTTARAKHAND STATE

Fiscal assessment after an interval gives the real picture and scenario of the economic performance. A wide range of economic activities affects the economic variables as a large scale which direct affect the fiscal health of an economy, considerably global economic pattern create the landscape for small level economies. The impacts of global economic activities also pump-up the economic boost as well as economic slowdown. In the case of Indian State ‘Uttarakhand’ very less attention given to carry out the fiscal stimulus in the State. However, the Revenue Deficit of the State is below critical situation and effective revenue deficit is also in superior state, the major troubles are in two key indicators also such as debt stance and primary deficit in the state. This paper will analysis the time series trend analysis of these pointer frameworks and will give appropriate suggestions to way forward in the pioneer fiscal soundness.