MODI GOVERNMENT 3.0: WELFARE SCHEMES IMPACTING INDIA'S FISCAL DEFICIT?
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- MODI GOVERNMENT 3.0: WELFARE SCHEMES IMPACTING INDIA'S FISCAL DEFICIT?
Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, particularly macroeconomic conditions. These include aggregate demand for goods and services, employment, inflation, and economic growth. Three instruments of the fiscal policy are government spending, tax and transfer payments to influence aggregate demand. There are four major fiscal functions of government-allocation, distribution, economic growth and stabilization.