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http://dr.iiserpune.ac.in:8080/xmlui/handle/123456789/10216| Title: | Subsidies and Market Borrowings: Unraveling the Fiscal Dynamics in India's Development Expenditure |
| Authors: | Tejasmayee, Pracheta Agarwal, Bhakti Kashyap, Samiksha Rastogi, Shailesh Pushp, Aman JINGER, HARSH Dept. of Humanities and Social Sciences |
| Keywords: | Development expenditure Indian Economy Indian Government Market Borrowings Subsidy |
| Issue Date: | Dec-2024 |
| Publisher: | IEEE |
| Citation: | 2024 2nd International Conference on Signal Processing, Communication, Power and Embedded System (SCOPES) |
| Abstract: | This research paper examines the effect of government subsidies on market borrowings in India, with a focus on the moderating role of development expenditure. Utilizing quantile panel data method, data derived from 27 states and 3 union territories over the period 2019-2023, the study employs quantile regression to analyze the relationship. Results indicate that subsidies significantly influence market borrowing only at higher quantiles, suggesting that excessive subsidies can lead to increased borrowing needs. Development expenditure, however, does not significantly moderate this relationship. The study concludes that while subsidies can stimulate economic activity, their design and implementation must be carefully managed to avoid fiscal imbalances. Policy recommendations advocate for targeted subsidies that enhance productivity and future revenue, reducing the reliance on market borrowings |
| URI: | https://doi.org/10.1109/SCOPES64467.2024.10990619 http://dr.iiserpune.ac.in:8080/xmlui/handle/123456789/10216 |
| Appears in Collections: | CONFERENCE PAPERS |
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