Punjab fiscal crisis and Article 293 borrowing limits
RBI data confirms Punjab's persistent high debt-servicing burden from 2015 to 2022. This article details how Article 293 limits interacted with political pressures to shape this trajectory.
Tag: Fiscal Policy
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India 1991 Reforms Path to Fifth Largest Economy
In 1991, India faced a balance-of-payments crisis that prompted a $2.2 billion IMF bailout. This article reveals how the subsequent reforms reshaped the economy, propelling India to become the world's fifth...
