This paper attempts to assess the distributive impact of the economic adjustment program in India. It begins by discussing the analytical complexities of disentangling the impact of reforms from that of other autonomous developments in the economy. It then goes on to isolate and analyze the main...

Introduction -- Key players -- Budgeting -- Onlending arrangements -- Foreign exchange and interest rate risks -- Funds flow arrangements -- Accounting and reporting --Auditing arrangements -- Summary of risks and issues, and proposed mitigating actions and improvements