Occasional Papers

India: Economic Reform and Growth

Author/Editor:

Richard Hemming ; Woosik Chu ; Charles Collyns ; Karen Elizabeth Parker ; Ajai Chopra ; Oliver Fratzscher

Publication Date:

June 1, 1995

Summary:

This paper explores the Indian adjustment program of 1991/92 and its initial results. The contents include long-term growth trends for output, investment, and macroeconomic condition; education, labor employment, and poverty; growth, accumulation, and productivity; results of India-specific studies; the stabilization and adjustment strategy; the response to the reforms; the impact on unemployment and poverty; the behavior of private investment; fiscal adjustment and reform; recent experience with a surge in capital inflows: overall trends, the investor base, comparison with other countries, and factors behind the flows; the impact on the economy; the sustainability of capital flows; and structural reforms and the implications for investment and growth; trade reform; the investment regime; public enterprise reform; and financial market reform.

Series:

Occasional Paper No. 1995/004

Subject:

Balance of payments Economic sectors Expenditure Foreign direct investment National accounts Private investment Public enterprises Public sector