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Reforming India's External, Financial, and Fiscal Policies (Hardcover)
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Reforming India's External, Financial, and Fiscal Policies (Hardcover)
Series: Stanford Studies in International Economics and Development
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A traditionally conservative country in financial matters, India
enacted a series of reforms in response to its balance of payments
crisis in the early 1990s. But since then only halting progress has
been made, raising concerns about India's rising fiscal deficit,
inefficiencies in its financial system, and its still relatively
closed economy. This book analyzes some of the complex issues
currently facing the Indian economy. Looking at India in the
international economy, the first section examines reforms of
policies toward trade and capital inflows, including issues in
exchange rate policy and international business prospects. The
second section addresses banking and financial markets, tracking
the reforms to date and establishing the need for upgraded
technology. The final section compares India's fiscal performance
with that of other developing countries, highlighting worrying
trends, and presents concrete policy recommendations to advance
Indian reforms.
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