ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Macro-Economic Stabilisation in India, 1991-1993 and Beyond

Macro-Economic Stabilisation in India, 1991-1993 and Beyond Vijay joshi I M D Little Stabilisation is a necessary accompaniment of structural reform (that is crisis-driven. But there is scope for choice as regards the content of a stabilisation programme and the pace at which it is carried out. So the natural questions to ask with respect to stabilisation are whether its content, pace and timing are appropriate from the viewpoint of supporting the reform process and achieving the fundamental objectives of policy such as growth and poverty alleviation.

Future Trade and Exchange Rate Policy for India

The authors propose a trade policy for India which would be much less protective than the spectrum of customs duties envisaged for 1997-98 by the Chelliah Committee. The Committee's proposals, they argue, are not only too protective (and hence biased against exports) but also much too complex.

Indian Macro-Economic Policies

Indian Macro-Economic Policies Vijay Joshi I M D Little A good deal has been written about the intricacies of Indian controls, and the consequential price distortions which result in apparently irrational production and trading incentives, and the delays and corruption they cause. But almost nothing seems to have been written to explain India's relatively untypical macro-economic policies, or to question whether they have been conducive to long-run development This paper presents a preliminary survey of Indian macro-economic policies from 1965 to 1980.
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