📄 Abstract
In this paper, we examine fiscal sustainability for 20 Indian states over the period 1991-2021 by using an ARDL panel approach, which accommodates variables that may be of different integration orders. In the present study, we have estimated the short-run and long-run relationship between debt-to-GDP and government primary balance and found that the Indian states are fiscally sustainable in the short and long run. Panel Granger causality test results indicate that there is unidirectional causality from debt to the primary balance.
📚 How to Cite:
Priyadarshini Ashok Patil, Dr. R. R. Biradar , FISCAL SUSTAINABILITY IN THE INDIAN STATES: A PANEL ARDL APPROACH , Volume 12 , Issue 6, June 2026, EPRA International Journal of Multidisciplinary Research (IJMR) , Pages: 757 - 763 , DOI: https://doi.org/10.36713/epra28518