India at the Crossroads -- Sustaining Growth and Reducing Poverty

Books, February 15, 2001

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India at the Crossroads -- Sustaining Growth and Reducing Poverty

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Bibliographic details

• Published: February 15, 2001
• Series: Books
• DOI: https://doi.org/10.5089/9781557759924.071

Summary findings

• The authors examine the numerous structural and policy changes Indian authorities have adopted since the 1991 balance of payments crisis.
• The authors examine how these changes helped India weather the Asian financial crisis of 1997-98.
• The authors examine the risks to fiscal sustainability and their implications for growth.
• The authors examine the challenges facing monetary policy in the face of financial market liberalization.
• The authors examine the benefits of structural reform and fiscal policy for growth, poverty, and the reduction of regional disparities.

Structural and policy changes since 1991

• Examination of numerous structural and policy changes Indian authorities have adopted since the 1991 balance of payments crisis.

Experience during the Asian financial crisis (1997-98)

• Analysis of how the 1991 reforms helped India weather the Asian financial crisis of 1997-98.

Fiscal sustainability and growth implications

• Identification of risks to fiscal sustainability and discussion of their implications for growth.

Monetary policy and financial liberalization

• Discussion of the challenges facing monetary policy in the face of financial market liberalization.

Benefits of structural reform and fiscal policy

• Assessment of benefits for growth, poverty reduction, and the reduction of regional disparities.