What Are The Major Objectives Of Fiscal Policy In India?

The major objectives of Fiscal Policy in India are among others, ensuring rapid growth of Indian economy (1), the efficient allocation of financial resources (2) (such as for infrastructure, education etc), reduction of inequalities such as in gender and caste (3), control of inflation and ensuring the stability of currency (4), creation of employment places (5), etc.

Specifically, the two main objectives for the period of 2015-6 are to ensure the revival of growth in the economy and to manage better the relationshiop between the central and the states' budgets.