000			02403nam a2200193Ia 4500
999			_c68509 _d68509
005			20220619172142.0
008			200204s9999 xx 000 0 und d
020			_a8122004709
082			_a338.9 GUP
100			_aGupta, S. P.
245		0	_aMid-year review of the Indian economy (1996-97)
260			_aDelhi
260			_bKonark Pub.
260			_c1997
300			_a248 p.
520			_aThe Mid-Year Review of the Indian Economy for the year 1996-97 is the latest in the series initiated by the Economic Affairs Group of the India International Centre. Like last year (1995-96), this year's Mid-Year Review has also been authored by Dr S.P. Gupta, Director and Chief Executive of the Indian Council for Research on International Economic Relations, New Delhi. The first half of 1996-97 witnesses the com pletion of a full 5 year term of Congress rule at the Centre and brings out the many visible impacts of the most ambitious economic programme initiated in India on de-regulation and liberalisation since 1991-92. There is now a change of Government. The economic policy of the new Government has not yet crystalised but to large extent professes a continuity of the last Government's economic agenda. 1996-97 Mid-Year Review confirms many of the apprehensions raised in last year's Mid-Year Review regarding the likely sustainability and viability of the growth tempo developed since 1991-92. After an initial dip in 1991-92, the economy suc cessfully recovered however, since the end of 1995-96 and the beginning of the present fiscal year, signs of slow down in many areas are observable. The moot question now is how temporary are these slow-downs? Do they show any major lacuna in the economic programme of the last Government? According to this study, "It will be wrong to diagnose the present down swing in the growth of GDP, industry, exports, investment, capital inflow, etc. as short period aberrations or at best as reflections of a business-cycle phase. They are, to a large extent, the lagged effects of the many policies built into but partially implemented in the Rao Government reform package" In making a balance-sheet of events of 1996-97, we see the negative factors fast catching up with the positive ones. There is increasing feeling that the cost of complacency based on past achievements of the 1990s will be too high.
650			_aPoverty
942			_cB _2ddc