FISCAL POLICY of INDIA

Paper details

Question 1: Macroeconomic snapshot ( 8 marks – 100 words excluding the tables and graphs)
Collect data on the following
a. 2009-2019 (whichever LATEST data are available on GDP growth rate, inflation rate,
and unemployment rate) which will be used as the “pre-COVID-19” period.
b. Gather estimates of the same macroeconomic indicators in 2020 under
the pandemic
c. Projections for 2021 and later as post-COVID-19 conditions
Notes: Given word limit, you don’t need to analyse the fluctuation of data in details.
Graphs and tables, with maximum 100 word explanation is enough.
Suggested sources: international organizations like WB, IMF, OECD and national
statistics offices of countries. You may use newspaper articles as data sources for these
estimates.
Page 2 of 4

Question 2: Analysis of Policy Changes in the Pandemic – 14 marks ( 700- 1000 words)
Version 2 – 2B – Fiscal Policy
a. Investigate the following key data during the 3-5 year period before Covid and in 2020:
i. its recent tax and government spending
ii. the budget situation (in surplus/deficit)
iii. the importance of general government expenditure in GDP (measured as % of the GDP)
iv. the ratio of government debt to GDP
Highlighting changes in 2020 with the previous years as a response to the COVID-19
outbreak.
b. Assess impacts of the policy change, if any. Use the AS/AD diagram to highlight the
theoretical impacts of the policy to the economy. Use the real data from your
observations/data set to highlight and analyze significant changes in the AD and/or SRAS
as a result of the policy change.
c. In reality, what can possibly reduce the multiplier impact of fiscal policy? What can
increase the crowding out effect? Discuss the effectiveness of fiscal policy in your
country based on these.
Page 3 of 4
Question 3 : Effect of the pandemic on the inflation (8 marks – max 150 words)
Discuss possible impacts of the Covid-19 and policy changes on inflation in the country. Is there
any risk of inflation or deflation? Illustrate these with AS-AD diagram.
Provide updated data on inflation rates over recent months/quarters and forecast in the
economy. Do your data support the findings of the above discussion and the AS AD diagram?
Notes: the key differences between Question 2 and Question 3 is while Question 2 focus on the
analysis of policy changes (either fiscal policy or monetary policy depending on each version),
Question 3 is focused on inflation, requiring you to evaluate the impact of all possible combined
variables on the price level in the economy and to provide some forecast. You can utilize some
key ideas developed from question 2.
Part 4: The open – economy macroeconomics (5 marks – 150 words)
Collect data about the Current Account Balance of the country and its components during the
last five years. Discuss the effect of Covid -19 on each component and the total Current Account
Balance.
Part 5: Industry Engagement Reflection (5 marks – 150 words)
Write a reflection highlighting the key points discussed by our industry partner, Mr. Pham Luu

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Type of paper needed:

Pages:

Academic level:

Total price:

$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.