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India; Economic Reform and Growth

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

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    Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 134.

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    Length: 88
    Date of creation: 01 Jun 1995
    Date of revision:
    Handle: RePEc:imf:imfocp:134
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