The Rationale and the Result of the Current Stabilisation Programme

Pulapre Balakrishnan

Working Papers from eSocialSciences

Abstract: Apart from the episode of the mid-sixties, macroeconomic crises have not played a major part in India's economic development. A certain sort of stability had accompanied the lack-lustre growth of the economy. Through the Eighties, while many of the economies of the developing world were being forced into the strait-jacket of adjustment programmes, India's policy makers actually availed of the luxury of the most irresponsible kind of macro management. [Working Paper No. 253]

Keywords: episode; macroeconomic; stability; growth; economy; developing world; India (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-his
Note: Institutional Papers
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Citations: View citations in EconPapers (12)

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