Essays on Macroeconomic Policy and Growth in India

Paperback | February 15, 2008

byShankar Acharya

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This collection of essays deals with various aspects of economic reforms undertaken in India since the early 1990s with special emphasis on economic growth. The essays underscore the remarkably swift turnaround in the Indian economy from crisis condition in 1991 to good health by 1995. In thispaperback edition, a new preface addresses issues of India's phenomenal economic growth in the last few years. The early chapters deal with macroeconomic policies and performance, external sector challenges and their management and tax reforms in India, and the economic consequences of these reforms. A significant discussion is on the political and institutional factors that were at work to initiate andsustain these reforms. The final chapters highlight six major areas for government action: fiscal consolidation; improving state finances to support social development; infrastructure reforms; industrial policy reforms, management of water resources; and improvement in law and governance.

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This collection of essays deals with various aspects of economic reforms undertaken in India since the early 1990s with special emphasis on economic growth. The essays underscore the remarkably swift turnaround in the Indian economy from crisis condition in 1991 to good health by 1995. In thispaperback edition, a new preface addresses ...

Hon. Professor and Member, Board of Governors, Indian Council for Research on International Economic Relations, and former Chief Economic Advisor, Ministry of Finance, Government of India.

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Format:PaperbackDimensions:255 pages, 8.46 × 5.51 × 0.59 inPublished:February 15, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195695879

ISBN - 13:9780195695878

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Table of Contents

AcknowledgmentsForeword; PrefaceChapter 1: Introduction and OverviewChapter 2: The Economic Consequences of Economic ReformsChapter 3: Macroeconomic Management in the NinetiesChapter 4: Managing India's External Economic Challenges in the 1990sChapter 5: Thirty Years of Tax Reform in IndiaChapter 6: India's Medium-term Growth ProspectsChapter 7: India's Growth Prospects RevisitedIndex