—Monetary and Fiscal policies have powerful
influence on the pace and pattern of economic growth of a
nation. In a developing country like India the major concern of
economic policy needs to be diverted and accelerated on the rate
of development and in this process, monetary and fiscal policies
have a strategic role to play. In this paper an attempt has been
made to examine some of the pertinent issues and give policy
suggestions for making an efficient use of monetary and fiscal
measures to accelerate economic growth.
—Long Term Fiscal Policy (LTFP), Reserve
Bank of India (RBI), government’s financing plans, eleventh
The authors are with the Department of Commerce, Jagdish Saran Hindu
Post Graduate College, Amroha, Uttar Pradesh - 244221 India (e-mail:
Cite: Sudhansh Kumar Sharma and Beena Sharma, "Reflections on Monetary and Fiscal Policies and Economic Growth in India (RMFPEGI)," International Journal of Trade, Economics and Finance vol.5, no.6, pp. 551-556, 2014.