Chapter

Introduction

Edited by Anne O. Krueger

in Economic Policy Reforms and the Indian Economy

Published by University of Chicago Press

Published in print July 2002 | ISBN: 9780226454528
Published online February 2013 | e-ISBN: 9780226454542 | DOI: http://dx.doi.org/10.7208/chicago/9780226454542.003.0001
Introduction

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The low growth rate in India persisted into the 1970s despite its government's continuing rhetoric that a central goal of policy was to reach enhanced living standards for the majority of the people. By the 1980s, fiscal and monetary policy became significantly more expansionary. But by the mid-1990s, India met a period of frequent changes of government, as no single party could command a majority in Parliament and coalitions were short-lived. Since independence, the government of India has sought to attain increases in living standards, especially for the poor. For that purpose, several policies are particularly important. It is evident that increased educational opportunities and attainment for young people will be crucial. Finally, an overview of the chapters included in this book is shown.

Keywords: India; fiscal policy; monetary policy; Indian government; living standards; Parliament; coalitions

Chapter.  2877 words. 

Subjects: International Economics

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