Developmental expenditures, in the form of capital outlay, by the fiscal authorities are the key for the sustained economic growth of any nation or state. Most of the Indian states are witnessing an increasing trend in their capital outlay in general and with respect to economic and social...

Expansionary fiscal policy can stimulate or retard growth in an economy depending on whether it crowds in or crowds out private investment. Amidst mixed results in the literature, the present study makes a comprehensive attempt to examine crowding out evidence by exploring the link between Gross...