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Recent Downturn in Emerging Economies and Macroeconomic Implications for Sustainable Development: A case of India

Author

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  • N R Bhanumurthy

Abstract

The paper discusses the progress of Indian economy and its policies since the broad-based structural reforms initiated in 1991 with a special focus on the recent downturn following the global financial crisis. The paper is structured into two parts: first part discusses the major economic and social achievements of India since 1991, it identifies the causes of the recent downturn, and the policy responses to revive the economy. In the second part, the paper outlines the major challenges India is facing and the policies and reforms that need to be implement to achieve sustainable development.

Suggested Citation

  • N R Bhanumurthy, 2014. "Recent Downturn in Emerging Economies and Macroeconomic Implications for Sustainable Development: A case of India," Working Papers 137, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:137
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    File URL: http://www.un.org/esa/desa/papers/2014/
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    Cited by:

    1. Masudul Hasan Adil & Shadab Danish & Sajad Ahmad Bhat & Bandi Kamaiah, 2020. "Fisher Effect: An Empirical Re-examination in Case of India," Economics Bulletin, AccessEcon, vol. 40(1), pages 262-276.

    More about this item

    Keywords

    Economic reforms; Global Financial Crisis; Sustainable Development; Emerging Economies; India;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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