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India at the Crossroads - Sustaining Growth and Reducing Poverty

India at the Crossroads - Sustaining Growth and Reducing Poverty

By Tim Callen, Christopher M. Towe & Patricia Reynolds Business & Personal Finance 15/02/2001

The authors examine the numerous structural and policy changes Indian authorities have adopted since the 1991 balance of payments crisis; how these changes helped India weather the Asian financial crisis of 1997-98; the risks to fiscal sustainability and their implications for growth; the challenges facing monetary policy in the face of financial market liberalization; and the benefits of structural reform and fiscal policy for growth, poverty, and the reduction of regional disparities.

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