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In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the economic reforms, initiated in 1991. They ask themselves some imperative questions: What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? Including contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, ...
With the unique perspective of a central banker-cum-academician, Rakesh Mohan provides a rare insider view of the development and workings of central banking and the financial sector in India. Unravelling the key to India’s macroeconomic and financial stability in a highly volatile globalized world, the volume covers five broad topics: The Indian economic growth experience since Independence and the role of fiscal and monetary policies in the growth ...
India has traversed a long way since the economic reforms of the early 1990s, and is now widely recognized as one of the fastest growing countries in the world. In view of Montek Singh Ahluwalia's key role in crafting reforms which helped integrate India with the world economy, this volume in his honour brings together essays by leading experts on the Indian economy and on international economic policy.Grounded in the context of current issues and ...
As a result of comprehensive but gradual and calibrated reforms, India's financial sector has undergone a transition from the highly controlled and repressed regime of the early 1990s to one that is increasingly market-based. A similar regime shift has characterized the conduct of monetary policy and operations in India. The reforms have contributed to a noteworthy acceleration in growth. Most importantly, unlike many other economies, financial stability has ...
This volume comprises of lectures delivered by some of the world’s finest economists on the occasion of fifty years of India’s independence. In these lectures, Nobel Laureate Joseph Stiglitz, Anne Krueger, T.N. Srinivasan, Pranab Bardhan, Deepak Lal, and others discussed a wide range of issues currently facing the Indian economy: Regionalism and multilateralism in international trade. The implications of the global trading system. International capital flows ...