India; Economic Reform and Growth
This paper explores the Indian adjustment program of 1991/92 and its initial results. The contents include long-term growth trends for output, investment, and macroeconomic condition; education, labor employment, and poverty; growth, accumulation, and productivity; results of India-specific studies; the stabilization and adjustment strategy; the response to the reforms; the impact on unemployment and poverty; the behavior of private investment; fiscal adjustment and reform; recent experience with a surge in capital inflows: overall trends, the investor base, comparison with other countries, and factors behind the flows; the impact on the economy; the sustainability of capital flows; and structural reforms and the implications for investment and growth; trade reform; the investment regime; public enterprise reform; and financial market reform.
Year of publication: |
1995-06-01
|
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Authors: | Hemming, Richard ; Chu, Woosik ; Collyns, Charles ; Parker, Karen Elizabeth ; Chopra, Ajai ; Fratzscher, Oliver |
Institutions: | International Monetary Fund (IMF) |
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