India Faces Its Worst Economic Crisis Since 1991 When It Had To Airlift 67 Tons Of Its Gold For A LoanWalter Kurtz
There were various factors responsible for this shift, the major ones being: India's economic crisis in 1991, the collapse of the Soviet Union, the end of biopolarism and the advent of liberalized and globalized world, India's giving up of old foreign policy calculations guided by the cold...
Economic reform has been the key instrument to elevate growth performance, but it always carries larger development ramifications in both India and China. The respective political economic backdrops that prevailed in each of the countries as they sought to undertake massive economic reform varied sharply...
While the Goods and Service Tax (GST) has been widely described as independent India’s biggest tax reform after the economic liberalisation of 1991, the Insolvency and Bankruptcy Code (Code), yet another landmark contemporary law, is just beginning to be assessed for efficacy. Rightly hailed a...
When the Indian economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to: (a) enhance tax and non-tax revenue, (b) curtail current expenditure growth, (c) restructure public sec...
, slow growth, and a crisis in 1966; (ii) 1980s: piecemeal reforms, fiscal profligacy, accumulation of domestic and external private debt and faster growth, and the crisis of 1991; (iii) 1991-2009: systemic reforms and growth acceleration; and (iv) 2009-11: the global financial crisis. ...
In the end, our views prevailed and the changes which would transform the economy began, after an external payments crisis in 1991, under the forceful leadership of Prime Minister Manmohan Singh who was the Finance Minister at the time….” (B) Bhagwati said to Economic Times on 28 July ...
作者:Basu, Kaushik 编 出版年:2004-2 页数:328 定价:$ 50.85 ISBN:9780262025560 豆瓣评分 目前无人评价 评价: 写笔记 写书评 加入购书单 分享到 内容简介· ··· India's economy over the last decade looks in many ways like a success story; after a major economic crisis in 1991, followed...
自1991年开放以来,印度的经济既让人欣喜,也让人绝望。前一刻,它还是下一个中国:一个充满创新精神的天才的崛起中的超级大国。下一刻,它就像一颗人口定时炸弹,无法为年轻人带来希望;或者像蛮荒的西部,欺骗了沃达丰和其他天真的跨国公司。在过去的十年里,印度的经济增长已经超过了大多数其他大国,然而这一点却被一种失...
Although some attempts at liberalisation were madein 1966and the early 1980s, a more thorough liberalisation wasinitiated in 1991. The reform was prompted bya balance of paymentscrisis that had led to a severe recession and also as per structural adjustment programs for taking loans fromIMF andWo...