The Rationale and the Result of the Current Stabilisation Programme
Published By: CDS on eSS | Published Date: November, 23 , 1993Apart from the episode of the mid-sixties, macroeconomic crises
have not played a major part in India's economic development. A
certain sort of stability had accompanied the lack-lustre growth
of the economy. Through the Eighties, while many of the economies
of the developing world were being forced into the strait-jacket
of adjustment programmes, India's policy makers actually availed
of the luxury of the most irresponsible kind of macro management. [Working Paper No. 253]
Author(s): Pulapre Balakrishnan | Posted on: Oct 23, 2010 | Views(1152) | Download (939)