Indian economy

By:

"Jalan , Bimal (ed.)"

Material type: Text

TextPublication details: New Delhi; Viking; 1992Description: 367pSubject(s):

Economics

DDC classification:

338.9 IND

Summary: The twenty-month period between August 1990 and March 1992 has been one of the most momentous periods in India's economy since independence. In August 1990, India's fragile economy was plunged into a deep crisis by the adverse impact of the conflict in the Gulf. For the next ten months, the economy was teetering on the brink of a collapse as the country passed through two changes of government, a general election and several other traumatic events. Then in July 1991, the picture changed dramatically. A series of new policy measures was announced with a view to restoring confidence. The budget of the new government marked the beginning of a process of liberalization and fiscal correction which was carried through in the second budget presented at the end of February 1992. By that time, the foreign exchange crisis was over and international reserves were rising.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	338.9 IND (Browse shelf(Opens below))	Available		55185

Total holds: 0

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The twenty-month period between August 1990 and March 1992 has been one of the most momentous periods in India's economy since independence. In August 1990, India's fragile economy was plunged into a deep crisis by the adverse impact of the conflict in the Gulf. For the next ten months, the economy was teetering on the brink of a collapse as the country passed through two changes of government, a general election and several other traumatic events. Then in July 1991, the picture changed dramatically. A series of new policy measures was announced with a view to restoring confidence. The budget of the new government marked the beginning of a process of liberalization and fiscal correction which was carried through in the second budget presented at the end of February 1992. By that time, the foreign exchange crisis was over and international reserves were rising.

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