High economic growth is not a challenge of fiscal reforms in economic restructuring, but rather a goal that fiscal reforms aim to achieve.

Fiscal reforms in economic restructuring aim to achieve all of the above objectives.

The main sources of fiscal deficit in India are both high government expenditure and low tax revenue.

The main challenges in increasing tax revenue in India are both the large informal sector and inefficient tax administration.

The main challenges in reducing government expenditure in India are both high subsidies and inefficient public sector enterprises.

Fiscal deficit can lead to all of the above negative consequences for the economy.

The main challenges in implementing fiscal reforms in India are both political resistance and administrative challenges.

The Kelkar Committee on Fiscal Reforms recommended all of the above measures to address the challenges of fiscal reforms in India.

The main objective of the GST in India is to achieve all of the above goals.

The main challenges in implementing the GST in India are both the complexity of the tax system and the lack of preparedness of businesses.

The GST can lead to all of the above positive consequences for the economy.

The Fourteenth Finance Commission recommended all of the above measures to address the challenges of fiscal reforms in India.

The main objective of the FRBMA is to reduce the fiscal deficit.

The main challenges in implementing the FRBMA in India are both political resistance and administrative challenges.

The main impact of the FRBMA is to reduce the fiscal deficit.