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Sustaining Growth with Monetary and Financial Stability in India: An Appraisal

In: Critique of the New Consensus Macroeconomics and Implications for India

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  • Dilip M. Nachane

    (Indira Gandhi Institute of Development Research)

Abstract

In the last three decades, the main objectives of Indian policy makers have been often articulated as promoting sustainable and equitable growth with monetary and financial stability, the last being particularly emphasized after the global crisis. We have already had occasion to examine (in previous chapters) the crucial role of monetary stability and financial stability in sustaining the trend rate of growth and enhancing social welfare in any society. Thus, it is of paramount importance to have a policy framework in place which will safeguard monetary and financial stability. In the present chapter, we try to appraise what has been done and what is proposed to be done in this regard in the Indian context.

Suggested Citation

  • Dilip M. Nachane, 2018. "Sustaining Growth with Monetary and Financial Stability in India: An Appraisal," India Studies in Business and Economics, in: Critique of the New Consensus Macroeconomics and Implications for India, chapter 0, pages 355-391, Springer.
    • Handle: RePEc:spr:isbchp:978-81-322-3920-8_15
    DOI: 10.1007/978-81-322-3920-8_15
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