ABOUT THE BOOK
the early stages of the current global economic crisis, it was suggested
that the Indian economy (along with
paper contends that the pre-crisis boom in
* a slowdown in exports of goods and services
* outflows of foreign capital
* a contraction in credit-financed domestic demand.
Assessing the Indian government's response to these adverse effects of the crisis, the paper finds it to be inadequate on both the fiscal and monetary policy fronts. On top of this, the government appears intent on continuing further down the very path of financial integration and deregulation which could lead to increased economic instability.
CHANDRASEKHAR is a Professor at the Centre for Economic Studies
and Planning at
2. THE EXPORT SLOWDOWN
3. CAPITAL INFLOWS AND THE FINANCIAL SECTOR
4. THE CRISIS AND CREDIT-FINANCED DEMAND
5. THE INDIAN GOVERNMENTS RESPONSE
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