Sustaining Growth with Monetary and Financial Stability in India: An Appraisal

Dilip M. Nachane ()
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Dilip M. Nachane: Indira Gandhi Institute of Development Research

Chapter Chapter 15 in Critique of the New Consensus Macroeconomics and Implications for India, 2018, pp 355-391 from Springer

Abstract: Abstract In the last three decades, the main objectives of Indian policy makers have been often articulated as promoting sustainable and equitable growth with monetary and financial stability, the last being particularly emphasized after the global crisis. We have already had occasion to examine (in previous chapters) the crucial role of monetary stability and financial stability in sustaining the trend rate of growth and enhancing social welfare in any society. Thus, it is of paramount importance to have a policy framework in place which will safeguard monetary and financial stability. In the present chapter, we try to appraise what has been done and what is proposed to be done in this regard in the Indian context.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-3920-8_15

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DOI: 10.1007/978-81-322-3920-8_15

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