The paper presents the policymakers' perspective on the reforms undertaken to manage states' debt and ensure solvency. While the sustained high growth rates of the Indian economy played a part in alleviating the interest burden on debt and ensuring that the debt does not grow in an explosive...

Capital inflows have brought substantial macro and financial benefits; at the same time, the size and nature of capital inflows have complicated macroeconomic management in recipient countries. Multiple concerns have produced multiple responses by countries to capital inflows. Countries have...

This book extensively examines various contemporary macroeconomic themes of India, namely growth and macro policies, tax reforms, government finances and intergovernmental fiscal transfers, banking and monetary policy, and environment and social sector policies. It has three to six chapters...