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

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NEW DELHI-Structural Adjustment-Second Thoughts within Government

There was said to be, to begin with, general agreement, in the face of the acute balance of payments crisis, on the need to go to the IMF and make adjustments in economic policy. But many ministers, particularly those who are Lok Sabha members, have now become fearful of the political price they will be called upon to pay for the suffering inflicted by the structural adjustment programme on all but a thin upper crust of the population.

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