India: macroeconomics and political economy, 1964-1991 by Vijay Joshi

By Vijay Joshi

This quantity is part of a study undertaking initiated and financed via the realm financial institution entitled "Macroeconomic regulations, quandary, and progress within the lengthy Run," which concerned reports of the macroeconomic histories of eighteen nations as they tried to keep up fiscal balance within the face of foreign expense, rate of interest, and insist shocks or family crises within the varieties of funding books and similar budgetary difficulties. It introduces India and the character of its markets, appears at a variety of ancient elements of the international locations monetary rules, and examines traits within the long-term results of those rules.

Show description

Read or Download India: macroeconomics and political economy, 1964-1991 PDF

Similar macroeconomics books

Currency competition and foreign exchange markets

Forex festival and foreign currencies Markets is an immense new theoretical and empirical examine of overseas currencies that makes a speciality of the function the Euro (the destiny eu foreign money) will play within the foreign financial and monetary process, besides the U.S. buck and the japanese yen. unlike a lot of the present literature that methods the topic from a macroeconomic point of view, Philipp Hartmann develops a theoretical version that makes use of video game idea, time sequence and panel econometrics, and hyperlinks monetary markets research with transaction price economics.

Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Essays via well-liked students and policymakers honor the most influential macroeconomists of the final thirty years, discussing the subjects in the back of his paintings.

Market Socialism or the Restoration of Capitalism? (International Council for Central and East European Studies)

The cave in of communism in japanese Europe has raised a few questions in regards to the destiny process their economies. Has capitalism received or is anything assorted rising? Has marketplace socialism vanished for reliable? How can the transitionary interval be controlled and what impact will it have at the lifestyle in japanese Europe?

Handbook of Tourism Economics: Analysis, New Applications and Case Studies

Instruction manual of Tourism Economics: research, New purposes and Case reviews presents an updated, concise and readable assurance of an important themes in tourism economics. It will pay recognition to proper conventional subject matters in tourism economics in addition to intriguing rising issues during this box -- themes that are anticipated to be of continuous value.

Extra info for India: macroeconomics and political economy, 1964-1991

Example text

Dates indicated with a slash (1967/68) are fiscal years. 100 crores = 1 billion rupees. S. dollars unless otherwise specified. The symbol in tables means not available. a. means not applicable. Page 1 INTRODUCTION This book is an analytic macroeconomic history of India from 1964 to 1991. By analytic we mean that our narrative is moulded by economic theory, which is however more pragmatic than procrustean. We pay particular attention to the policies pursued, assess their successes and failures both from the point of view of stabilization and of growth, and consider the lessons that can be drawn.

We would like to thank M. P. Agarwal, Isher Ahluwalia, Christopher Allsopp, Amaresh Bagchi, Pulapre Balakrishnan, Pranab Bardhan, Prahlad Basu, Jagdish Bhagwati, Surjit Bhalla, the late Krishna Bharadwaj, B. B. Bhattacharya, Pramit Chaudhuri, Vikas Chitre, S. N. Dalal, Bejoy Dasgupta, Mrinal Datta-Chaudhuri, Ravi Dayal, Ashok Desai, Meghnad Desai, Sudhir Deshpande, Jean Dr├ęze, Hans Genberg, Ejaz Ghani, Chico Ghia, Ashok Gulati, Ravi Gulhati, Anand Gupta, Salman Haidar, Geoffrey Hawthorn, James Hanson, Prem Jha, P.

India's policies and experience have also been exceptional. Most countries adapted little in response to the 1973/74 oil price rise, but borrowed heavily and instigated investment booms. In contrast, India did not borrow commercially, kept inflation low, and built up reserves of food and foreign exchange. Unlike so many other countries it therefore experienced no debt crisis or recession in the early Page xiv 1980s and was able to recover quickly from the external shocks of 1979/80 and from a severe drought occurring at the same time.

Download PDF sample

Rated 4.73 of 5 – based on 31 votes