Indian History

Fiscal Policy-Objectives

    To mobilise adequate resources for financing various programmes and projects adopted for economic development.
    To reduce the degree of inequality in the distribution of income and wealth.
    To control the inflationary pressures in economy in order to attain economic stability;
    To raise the rate of savings and investment for increasing the rate of capital formation;
    To promote necessary development in the private sector through fiscal incentive;
    To arrange an optimum utilisation of resources;
    To attain the growth of public sector for attaining the objective of socialistic pattern of society;
    To reduce regional disparities; and
    To remove poverty and unemployment;
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