ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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TINA, India and Economic Liberalisation

Although India has been "reforming" since 1991, almost nobody seems to be satisfied with either the progress or the outcome. The reformers need to put the economy's long-term interests above financial sector short-termism and reorganise the domestic financial system to keep credit productive. The debate on whether a bank should lend existing money or newly create the money it lends has major implications for monetary and fiscal policies, as well as for financial sector reforms.



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