Fiscal Policy is such an aspect of macroeconomic policy which has the distinction of intimate interaction between theory and practice. The theoretical concepts and policy applications in fiscal policy feed upon and grow out of each other. Therefore, it requires a meaning and usefulness in the context of institutional framework of the economy with reference to which it is being studied. It has been also realized over a period of time that no single theoretical model can adequately fit in the framework of every economy since the institutional framework of every economy is unique to itself. This is realized in the literature review carried out at all possible dimensions of fiscal policy such as fiscal policy, fiscal deficit, fiscal consolidation, fiscal incentives, fiscal policy and exchange rate, fiscal restructuring, fiscal transfer and reforms, MSMEs and fiscal incentives, SEZs and fiscal incentives and fiscal policy and Gujarat etc.

Autorentext

Dr. Falguni H.Pandya is an assistant professor at Centre for Management Studies, Dharmsinh Desai University, Nadiad, Gujarat, India. Her areas of interest include Financial Management, Risk Management, Security Analysis and Portfolio Management and International Financial Management.