This paper analyses the impact of domestic and external shocks on the Indian economy. A macro-modelling framework is developed that evaluates the impact of two domestic shocks (rainfall shortfall and fiscal profligacy) and three external shocks (oil price hike, world trade shock and capital flow...

This report investigates how more and better jobs can be created in South Asia. It does so for two reasons. First, this region will contribute nearly 40 percent of the growth in the world’s working-age (15–64) population over the next several decades. It is important to determine...