The business community generally praises and welcomes Indian public finance because the budget tends to be market-friendly. However, the government's infrastructure changes have been challenged in recent years. Financial analysts claim that the government spends the majority of its revenue on current expenses and neglects public finance and investment. In India, public finance is also governed by a field of economics that determines and evaluates the Indian government's policies as outlined in the yearly finance budget. The field of public finance studies the types and effects of taxation and spending on persons, institutions, and the overall economy. The policies under public finances are Fiscal policy- After elements such as government earnings, government spending, and government borrowings have been considered, fiscal policy refers to the government's entire policy framework. Monetary policy refers to the central government of India's stance on the amount of money, currency rates, and interest rates in the economy. The role of monetary policy in regulating aggregate demand and inflation is significant.

Payal Jain

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