ANALYZING THE FISCAL PERFORMANCE OF INDIA: TRENDS, CHALLENGES, AND OPPORTUNITIES

This research paper analyzes the fiscal performance of India, focusing on trends, challenges, and opportunities in the Indian economy. The paper examines India's fiscal deficit, primary deficit, revenue deficit and debt sustainability, and investigates the impact of recent policy changes on the Indian economy. The findings of this research indicate that India's fiscal deficit has been persistently high, with an average of 5.7% of GDP between 2011 and 2020, leading to an increase in public debt. India's fiscal performance has been characterized by high fiscal deficits and public debt, with challenges related to tax reform, public expenditure management, and debt sustainability strategies. The paper provides policy recommendations to improve India's fiscal performance, with a focus on enhancing revenue mobilization, rationalizing public expenditure, and implementing debt sustainability strategies.