India: sustaining rapid economic growth
The reforms that India has implemented over the past six years have fueled an unprecedented level of economic performance. For the third year in a row, GDP grew at around 7 percent in fiscal year 1996-97 (ending on March 31), placing India among the world's best-performing economies. This report evaluates the nation's rapid economic growth and suggests policy priorities and reforms at the sub-national level to sustain Indias economic performance. Chapters examine recent macroeconomic developments, the structural reforms of 1996-97, economic management issues, and development policies within India's states. Annexes provide economic development data and social indicators.
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Recent Economic Developments
List of tables
Changing States Development Policies
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20 percent agriculture Andhra Pradesh areas assets attract private balance Bank of India Bank Staff estimates billion at current borrowing Center central government commercial banks companies competition corporate current account current prices decline deposits deregulation Economic Survey equity exchange rate expenditure exports Finance Commission fiscal adjustment fiscal deficit fiscal imbalances foreign foreign exchange markets funds Gross Domestic Investment growth Haryana implemented important improve income increase Industry infrastructure institutional interest payments interest rates investors irrigation liberalization loans manufacturing measures Memo Items Ministry of Finance NBFCs Orissa percent of GDP Petroleum Plan ports power sector private capital private investment private sector production projects public banks public enterprises public sector Rajasthan recommendations reduce remains Reserve Bank restructuring roads share Social services Source subsidies Table tariffs Total trade transfers various issues World Bank World Bank Staff