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The Rationale and the Result of the Current Stabilisation Programme

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  • Pulapre Balakrishnan

Abstract

Apart from the episode of the mid-sixties, macroeconomic crises have not played a major part in India's economic development. A certain sort of stability had accompanied the lack-lustre growth of the economy. Through the Eighties, while many of the economies of the developing world were being forced into the strait-jacket of adjustment programmes, India's policy makers actually availed of the luxury of the most irresponsible kind of macro management. [Working Paper No. 253]

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  • Pulapre Balakrishnan, 2010. "The Rationale and the Result of the Current Stabilisation Programme," Working Papers id:3069, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:3069 Note: Institutional Papers
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    Keywords

    episode; macroeconomic; stability; growth; economy; developing world; India;

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