Topalova, Petia; Nyberg, Dan - International Monetary Fund (IMF) - 2010
countercyclical fiscal policy and contingent liabilities. It would also send a strong signal of the government's commitment to fiscal …This paper discusses possible medium-term public debt targets for India, based on evidence from the economic literature … on prudent levels of public debt and the feasibility for the country to meet a particular target over the next 5-6 years …