000			01262nam a2200181Ia 4500
999			_c44986 _d44986
005			20220627222341.0
008			200204s9999 xx 000 0 und d
082			_a338.9 IND
100			_a"Jalan , Bimal (ed.)"
245		0	_aIndian economy
260			_aNew Delhi
260			_bViking
260			_c1992
300			_a367p.
520			_aThe 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.
650			_aEconomics
942			_cB _2ddc