This book investigates the paradox of India's rapid economic growth occurring alongside persistent fiscal deficits and rising public debt levels. The authors, Govinda Rao and Peter Heller, utilize their extensive expertise in public finance and international economic policy to analyze whether India's fiscal trajectory is sustainable in the long term. By comparing India's experience with international benchmarks, the text provides a rigorous framework for evaluating the stability of expansionary fiscal policies in a developing economy.

Experts recognize this work as a significant contribution to the study of Indian public finance and macroeconomic management. Readers frequently note the technical density of the prose, which serves as a foundational resource for policymakers and academic researchers interested in fiscal sustainability.