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Macroeconomic Management in India, 1964–94

Vijay Joshi and Ian Little

Chapter 10 in Trade and Development, 1996, pp 171-194 from Palgrave Macmillan

Abstract: Abstract Jagdish Bhagwati’s work on India is surely one of the highlights of his remarkable contribution to economics. As a prescient, searching and constructive critic of India’s inward-looking development strategy, he is an intellectual progenitor of the country’s current drive to reform. The main focus of his work has been on issues of trade and resource allocation.1 Indeed, we have several times heard him declare that he is no macroeconomist and, amazingly enough, given the multiplicity of his writings, it seems to be true that he has largely avoided the subject. We have been less wise, but hope that he will consider this essay an appropriate way to honour him.2

Keywords: Exchange Rate; Monetary Policy; Current Account; Fiscal Policy; Real Exchange Rate (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25040-0_10

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DOI: 10.1007/978-1-349-25040-0_10

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