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India's Economic Crisis: Nature and Remedies
| Content Provider | Semantic Scholar |
|---|---|
| Author | Dholakia, Bakul H. |
| Copyright Year | 2004 |
| Abstract | Bakul H Dholakia is Professor in the Economics Area of the Indian Institute of Management, Ahmedabad. It is now widely recognized that the Indian economy has been facing a major economic crisis with the situation deteriorating rapidly since August 1990. While the present economic crisis has been the result of a gradual accumulation of the combined effect of various forces operating in the economy during the last decade, its symptoms have become clearly noticeable after January 1991 with the country's foreign exchange reserves dropping sharply to the lowest level ever of Rs 1,877 crores, which is barely enough to finance the country's imports for 13 days only. It is hardly surprising, therefore, that considerable attention is being devoted to the analysis of India's economic crisis in order to generate appropriate policy options and instruments to pull the country out of the crisis. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.vikalpa.com/pdf/articles/1991/1991_july_sep_47_53.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
