The Fiscal–Growth Nexus in India: Fiscal Deficit, Revenue Deficit and Capital Expenditure (1980–2023)
Dipankar Pradhan · Asian Journal of Economics, Business and Accounting · 2025
This study examines the contested fiscal–growth nexus in India (1980–2023), motivated by persistent empirical divergence and major fiscal regime shifts. Using ARDL bounds testing with unit-root and Bai–Perron structural-break analyses, and disaggregating fiscal indicators, the pa...