Revenue and Capital Expenditure — Mains Questions

Critically analyze the government's expenditure policy, particularly the shift towards capital expenditure, in the context of India's fiscal management and economic growth objectives. (250 words, 15 marks)

Discuss how the classification of government expenditure into revenue and capital impacts the calculation and interpretation of key fiscal deficit indicators. Illustrate with examples from the Union Budget. (250 words, 15 marks)

Examine the role of capital expenditure as a strategic tool for India's development strategy, particularly in achieving inclusive growth and employment generation. (250 words, 15 marks)