Macroeconomic policy, employment and decent work in India

C. P. Chandrasekhar

ILO Working Papers from International Labour Organization

Abstract: This paper examines the recent evolution of fiscal and monetary policy in India since the 1991 economic reforms, along with their impact on employment and decent work outcomes. To achieve macroeconomic stability objectives and attract foreign direct investment (FDI), the Government of India committed itself to reducing the fiscal deficit to 3 per cent of GDP through the Fiscal Responsibility and Budget Management (FRBM) Act, while the Reserve Bank of India (RBI) adopted an inflation-targeting framework with a target of 3 per cent.

Keywords: economic policy; macroeconomics; decent work.; fiscal policy.; monetary policy (search for similar items in EconPapers)
Pages: 32 pages
Date: 2016
New Economics Papers: this item is included in nep-mac
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Published in Employment working paper series

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