This book examines monetary and fiscal issue in the growth process. The exponents of growth theories and models have advocated about balanced growth with stability. The monetarists regard monetary policy is more effective than fiscal policy, but Keynesians hold the opposite view and support the relative effectiveness of monetary and fiscal policy.

The GST is the major step towards simplifying the tax system in India, the complexity of system has so far resulted in evasion of taxes and the creation of black money in the country. The amount of black money is so huge that it is said to run almost like the parallel economy in the country.

This book is intended to meet the requirement of students, teacher and research scholars. It will be useful to the candidates for the various competitive examinations.