Economic growth refers to the increase in the production of goods and services in an economy over a specific period, typically measured in terms of gross domestic product (GDP).

Fiscal capacity refers to the income-generating ability of a government and its capacity to raise revenue through taxation. It is a critical aspect of public finance, as it determines how effectively a government can fund its operations and implement policies that promote economic growth.

Understanding Economic Booms A Guide to India’s Business Cycle

Understanding Boons Short-Term Benefits in the Financial World