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.