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

Dimensions of India s External Economic Crisis

This paper seeks to provide an analysis of India's recent external economic crisis, emphasising that the developmental dimensions of the crisis are distinct from the short-term liquidity aspects which are paramount to the international lenders. The discussion in Section I of the paper of a set of conceptual aspects is complemented in Section II by an analysis of the turn of events which led to the crisis. Section III offers a set of conclusions dwelling on the distinction between the exogenous/endogenous as well as the developmental/financial dimensions of the debt problem. The two aspects of the debt issue bring to light a basic incongruity between the diagnosis and the remedial measures implemented.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top