Ambedkar's Study on Fiscal Economics: A Critical Analysis

Abstract

Dr B.R. Ambedkar, a renowned economist, contributed significantly to India's fiscal economics. This paper provides a critical analysis of Ambedkar's study on fiscal economics, which covers several key areas such as the administration of the East Indian Company, provincial finance in British India, the federal finance system in independent India, canons of public expenditure, and fiscal discipline. The study provides valuable insights into India's challenges and opportunities in terms of fiscal policy and management, both during the colonial period and after independence. Through a careful examination of Ambedkar's work, this paper highlights the essential findings and contributions of the study while also discussing some of its limitations and areas for further research. Ultimately, this paper aims to deepen our understanding of financial economics and its implications for economic development and social welfare in India and beyond.