We in RBI have incurred an expenditure of 23.76 billion in 2010–11, 27.36 billion in 2011–12 and 28.72 billion in 2012–13 on this activity. The two note printing presses, BRBNMPL and SPMCIL, exhibit an increasing trend in their overall expenses viz.
Various studies have confirmed that, in the long run, solid public finances have a beneficial effect on growth – and I am not just referring to the ReinhartRogoff study that has received some criticism recently. Cecchetti and others, for instance, also find that high debt levels inhibit potential growth. [8] Nevertheless, the short-term relationship between consolidation and growth is hotly debated.