India's economic crisis, debt burden and stabilisation

By:

Bhattacharya, B. B

Material type: Text

TextPublication details: New Delhi; B.R. Publishings; 1992Description: 181 pISBN:

8170187141

Subject(s):

Debt -External India

DDC classification:

338.9 BHA

Summary: The current economic scene in the country is under great stress. There is an acute shortage of foreign exchange, external debt is mounting and the inflation rate has accelerated to more than 14 per cent per annum. What is worse, gold has been sold and mortgaged abroad and the Governments, both at the Centre and in the States, are borrowing heavily, not only to finance capital expenditure but also revenue expenditure. The new Trade Policy deregulates several catagories of imports and the scope of public sector has been redefined. Besides, foreign equity participation has been raised upto 51% in general and upto 100% in export-oriented industries. This study examines the effects of those policy changes on the Indian economy and should well serve the general economists, economic journalists, policy makers and the intelligentsia.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	338.9 BHA (Browse shelf(Opens below))	Available		53120

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The current economic scene in the country is under great stress. There is an acute shortage of foreign exchange, external debt is mounting and the inflation rate has accelerated to more than 14 per cent per annum. What is worse, gold has been sold and mortgaged abroad and the Governments, both at the Centre and in the States, are borrowing heavily, not only to finance capital expenditure but also revenue expenditure. The new Trade Policy deregulates several catagories of imports and the scope of public sector has been redefined. Besides, foreign equity participation has been raised upto 51% in general and upto 100% in export-oriented industries.

This study examines the effects of those policy changes on the Indian economy and should well serve the general economists, economic journalists, policy makers and the intelligentsia.

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