Resource Mobilisation In India Pathways To Development(2000-2011)
Keywords:
Resource mobilization, India, public finance, savings, investment, economic reformsAbstract
Resource mobilisation refers to the process by which a nation identifies, acquires, and allocates economic resources—particularly financial resources—for productive use in development, public services, and economic growth. For a developing economy such as India, effective resource mobilisation has been central to the planned development strategy since independence in 1947. This article examines historical trends, government strategies, successes, and challenges related to resource mobilisation in India up to the year 2010. Emphasis is placed on fiscal reforms, taxation, domestic savings, public debt, foreign capital flows, and financial markets. Resource mobilization is a cornerstone of economic development, referring to the generation of fiscal resources (tax and non-tax), savings, borrowings, and external capital to finance public investment and development. In India, resource mobilisation strategies evolved dramatically from 1950 to 2010. This article examines historical trends in fiscal mobilization, including tax-to-GDP ratios, public savings, borrowings, and capital market contributions, supported by data sources. The paper highlights institutional reforms, challenges, and achievements in the Indian context up to 2010.
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