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For many decades, macro-policy in India was conducted in an environment with five key elements: Agricultural shocks … paper argues that India has changed beyond recognition on all these five elements and that these changes have far …-reaching consequences for the conduct of macroeconomic policy. India is now a more conventional market economy, and there is a much bigger …
Persistent link: https://www.econbiz.de/10005341747
China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is … real terms) in both India and China are also examined. [NIPFP WP No 2009-62]. …
Persistent link: https://www.econbiz.de/10008543130
When analyzing the appropriate response for monetary policy during a currency crisis it is important to keep in mind two distinct channels: (a) the impact of raising interest rates on exchange rates; and (b) the direct impact of exchange rate changes on output. The first pertains to the monetary...
Persistent link: https://www.econbiz.de/10005341684
Persistent link: https://www.econbiz.de/10005487590
The increase in direct taxes has not been able to offset the decline that resulted from the reduction in customs tariff and decline in excise revenue. The task facing the policymakers now is to explore ways in which the tax ratio can be pushed up without going back on the basic elements of the...
Persistent link: https://www.econbiz.de/10005699030
The robust performance of the Indian economy continued during the second quarter (July-September) of 2005-06. According to the Central Statistical Organisation (CSO), the economy recorded a real GDP growth of 8.0 per cent in the second quarter of 2005-06 maintaining the momentum of growth in the...
Persistent link: https://www.econbiz.de/10005699085
It is interesting to note that nearly three decades of new paradigms in macroeconomic theory and policy have hardly gone beyond the ivory towers of the academic world. The extent to which a scientific discipline is open to new ideas and approaches is a measure of its health. The enrichment of...
Persistent link: https://www.econbiz.de/10005699108
There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of imports. Assuming reasonable spreads between the yield on reserve assets and the cost of foreign...
Persistent link: https://www.econbiz.de/10005699170
banks having presence outside India and foreign banks to migrate to the Basel II framework effective March 31, 2008 and …
Persistent link: https://www.econbiz.de/10005699240
The purpose of this study was to explore the role and importance of human resources for the scaling up of health services in low income countries. In the case studies, the following have been analyzed: (i) investigated the size, composition and structure of the current health work force; (ii)...
Persistent link: https://www.econbiz.de/10008462831