Is India Overborrowed?

Pari Kasliwal

Chapter 32 in Economic Development and World Debt, 1989, pp 423-435 from Palgrave Macmillan

Abstract: Abstract In a conference devoted to the growth problems of heavily indebted countries, it would seen ironic to introduce a paper entitled ‘Is India Overborrowed?’. An answer that shades into a possible ‘no’ would sit awkwardly on many borrowing countries that are bemoaning past excesses for which they are now paying a heavy penalty. It would also run counter to the mainstream of Indian policy today which finds reinforcement for its traditionally self-reliant ideology by reference to these problems. Yet it may be possible that India is erring on the side of caution by borrowing too little: that a considered strategy of trade liberalisation financed by increased commercial borrowings could enhance the rate of growth. Given the external and internal conditions now, it could be the opportune time for restructuring of the economy, while utilising other countries’ experience to avoid the serious problems that can arise from improper borrowing.

Keywords: Real Exchange Rate; Export Price; Export Volume; Foreign Debt; Export Growth (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20044-3_32

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349200443

DOI: 10.1007/978-1-349-20044-3_32

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().