India: Economic Reform and Growth

Richard Hemming, Woosik Chu, Charles Collyns, Karen Parker, Ajai Chopra and Oliver Fratzscher

No 1995/004, IMF Occasional Papers from International Monetary Fund

Abstract: This paper explores the Indian adjustment program of 1991/92 and its initial results. The contents include long-term growth trends for output, investment, and macroeconomic condition; education, labor employment, and poverty; growth, accumulation, and productivity; results of India-specific studies; the stabilization and adjustment strategy; the response to the reforms; the impact on unemployment and poverty; the behavior of private investment; fiscal adjustment and reform; recent experience with a surge in capital inflows: overall trends, the investor base, comparison with other countries, and factors behind the flows; the impact on the economy; the sustainability of capital flows; and structural reforms and the implications for investment and growth; trade reform; the investment regime; public enterprise reform; and financial market reform.

Keywords: OP; investment; India; liberalization; TFP growth; growth record; capital goods import; expenditure switching; state responsibility; investment response; capital goods; investment regime; Public enterprises; Private investment; Foreign direct investment; Public sector; East Asia; Global; South Asia; Eastern Europe; Middle East (search for similar items in EconPapers)
Pages: 88
Date: 1995-06-01
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Citations: View citations in EconPapers (28)

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