Essays on Macroeconomic Policy and Growth in IndiaThis collection deals with various aspects of economic reforms undertaken in India since the early 1990s, with a special emphasis on economic growth. The essays underscore the remarkably swift turnaround in the Indian economy from crisis condition in 1991 to good health by 1995. The chapters focus first on policies and performance, and move on to major areas that received government attention, from fiscal consolidation to management of water resources. |
Contents
Introduction and Overview | 1 |
Challenges in the 1990s | 124 |
Thirty Years of Tax Reform in India | 155 |
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Acharya aggregate savings agriculture Ahluwalia annual Asian crisis balance of payments billion budget capital account capital account convertibility capital inflows cent of GDP central government Centre's CENVAT challenge crore current account deficit customs duties decade decline Delhi demographic dividend direct taxes East Asian economic growth economic reforms Economic Survey especially exchange rate excise expenditure external debt external sector factors finance minister financial sector fiscal deficit foreign investment GDP at current GDP growth Government of India growth prospects import income tax increase India's external Indian economy inflation infrastructure interest rates issues Kelkar levels liberalization macroeconomic major Manmohan Singh medium-term Ministry of Finance monetary policy overall peak performance problems programme ratio recent reduction Report Reserve Bank revenue deficit rupee savings and investment short-term debt Singh Source surge Table tax rates tax reform taxation trade trends V.P. Singh World Bank