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India's fiscal policy since independence has focused on deficit financing through more borrowings and higher taxation. An increase in taxes is a contractionary fiscal policy that aims to reduce the budget deficit by raising government revenues. Fiscal and monetary policies are the primary tools that governments use to influence macroeconomic variables like growth, inflation and unemployment.
India's fiscal policy since independence has focused on deficit financing through more borrowings and higher taxation. An increase in taxes is a contractionary fiscal policy that aims to reduce the budget deficit by raising government revenues. Fiscal and monetary policies are the primary tools that governments use to influence macroeconomic variables like growth, inflation and unemployment.
India's fiscal policy since independence has focused on deficit financing through more borrowings and higher taxation. An increase in taxes is a contractionary fiscal policy that aims to reduce the budget deficit by raising government revenues. Fiscal and monetary policies are the primary tools that governments use to influence macroeconomic variables like growth, inflation and unemployment.