000			01705nam a2200205Ia 4500
999			_c210951 _d210951
005			20220720142300.0
008			200208s9999 xx 000 0 und d
020			_a9780195684193
082			_a339 BHA
100			_a"Bhattacharya, B.B."
245		0	_a"Macroeconomic reforms, growth and stability/ by B.B.Bhattacharya and Sabyasachi Kar"
260			_aNew Delhi
260			_bOxford University Press
260			_c2007
300			_a263p.
365			_dUSD
520			_aIn recent years, the Indian economy has achieved a high growth trajectory becoming one of the largest economies in the world. Interestingly, India still has large reserves of untapped human resources to grow even faster in a sustained manner. is the economy on track to achieve such growth rates in the future? The volume explores this issue using a detailed macromodel of the Indian economy (the DPC-IEG model) that has proved effective in explaining India's economic performance over the last few years. The models for each sector are specified keeping in view both theoretical and empirical economic considerations of the Indian economy in the pre- and post-reform periods. The macromodel is then used to evaluate the impact of structural reforms on investment, growth, inflation, fiscal deficit, and balance of payments. It is found that the steady growth of the nineties has given way to a higher growth path in recent years. Alongside, the economy has also developed a resilience to both internal and external shocks. However, acceleration of long run growth rates would require a substantial improvement in both productivity of capital and rate of investment.
650			_aMacroeconomic reforms
942			_cB _2ddc