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OECD's first economic survey of the Indian economy. It opens with a broad overview of economic developments over the past twenty years, showing how India has grown to become the third largest economy in the world. It then examines a series of specific policy areas including the unbalanced growth across states, competition policy and reforming India's product and service markets, improving the performance of labour markets, improving the financial system, improving the fiscal system, improving infrastructure, and upgrading the educational system. For each policy area, a series of recommendation

Fiscal policy -- India. --- India -- Economic conditions. --- India -- Economic policy. --- India --- Economic conditions. --- Economic policy.

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India is the second most populous country in the world and also one of the poorest. From the late 1940s to 1980, India's per capita income grew at an average annual rate of only two percent. Expansionist economic reforms during the 1980s boosted economic growth but also unfortunately resulted in high inflation and a balance of payments crisis. As a consequence, in 1991 the government announced sweeping new changes in economic policies. Economic Policy Reforms and the Indian Economy evaluates the effects of those changes and identifies areas of the Indian economy still in urgent need of reform. After an overview of Indian economic policies and development since independence, papers focus on the country's fiscal situation, the environment for private economic activity, education, the reservation of certain activities for small-scale industry, and determinants of differentials in rates of growth across the different Indian states. Contributors include respected academic specialists on India and policy reform, high-level Indian administrators, and present and past policymakers.

Congresses. --- Education and state. --- Education and state -- India -- Congresses. --- Fiscal policy. --- Fiscal policy -- India -- Congresses. --- India. --- India -- Economic policy -- 1980- -- Congresses. --- India --Economic policy --1991- --Congresses. --- Industrial policy. --- Industrial policy -- India -- Congresses. --- India --- Economic policy --- india, regional, southeast, asia, eastern, international, global, economy, economics, political, policies, change, 1940s, 1950s, 1960s, 1970s, 1980s, per capita, income, wealth, finance, financial, wages, poverty, growth, expansion, government, independence, academic, scholarly, research, policymaker, differential, liberal, schools, evaluation.

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India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and infrastructure. The immediate priority is to achieve the kind of fiscal quality and low inflation levels exhibited during 2003-08, with focused attention to increasing efficiency and compliance in tax revenue collection. Higher tax revenues can facilitate increases in public investment, which then crowd in private investment. The task ahead will be more difficult in view of the protracted slowdown in global growth and trade.

Economic development -- India. --- Fiscal policy -- India. --- India -- Economic policy. --- Infrastructure (Economics) -- India. --- Taxation -- India. --- Infrastructure --- Macroeconomics --- Public Finance --- Industries: Manufacturing --- Price Level --- Inflation --- Deflation --- Fiscal Policy --- Macroeconomic Aspects of International Trade and Finance: General --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Investment --- Capital --- Intangible Capital --- Capacity --- Industry Studies: Transportation and Utilities: General --- Public Enterprises --- Public-Private Enterprises --- Industry Studies: Manufacturing: General --- Civil service & public sector --- Public finance & taxation --- Manufacturing industries --- Transportation --- Public sector --- Public investment and public-private partnerships (PPP) --- Manufacturing --- National accounts --- Economic sectors --- Expenditure --- Saving and investment --- Finance, Public --- Public-private sector cooperation --- India

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The authors examine the numerous structural and policy changes Indian authorities have adopted since the 1991 balance of payments crisis; how these changes helped India weather the Asian financial crisis of 1997-98; the risks to fiscal sustainability and their implications for growth; the challenges facing monetary policy in the face of financial market liberalization; and the benefits of structural reform and fiscal policy for growth, poverty, and the reduction of regional disparities.

Fiscal policy --- Sustainable development --- Politique fiscale --- Développement durable --- India --- Inde --- Economic policy --- Economic conditions --- Politique économique --- Conditions économiques --- 338 <540> --- 338.24 <540> --- -Sustainable development --- -331.30 --- 331.31 --- 331.33 --- IN / India - Inde --- 330.954 --- Development, Sustainable --- Ecologically sustainable development --- Economic development, Sustainable --- Economic sustainability --- ESD (Ecologically sustainable development) --- Smart growth --- Sustainable economic development --- Economic development --- Tax policy --- Taxation --- Finance, Public --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--India --- Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--India --- Economische toestand. --- Economisch beleid. --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik. --- Environmental aspects --- Government policy --- -Economic policy --- -Fiscal policy -- India. --- India -- Economic conditions -- 1947-. --- India -- Economic policy -- 1980-1991. --- India -- Economic policy -- 1991-. --- Sustainable development -- India. --- Business & Economics --- Economic History --- 338.24 <540> Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--India --- 338 <540> Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--India --- Fiscal policy -- India. --- -Fiscal policy --- Développement durable --- Politique économique --- Conditions économiques --- 331.30 --- Economische toestand --- Economisch beleid --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik --- E-books --- Bharat --- Bhārata --- Government of India --- Ḣindiston Respublikasi --- Indië --- Indien --- Indii︠a︡ --- Indland --- Indo --- Republic of India --- Sāthāranarat ʻIndīa --- Yin-tu --- インド --- هند --- Индия --- Exports and Imports --- Inflation --- Macroeconomics --- Public Finance --- Industries: Financial Services --- Current Account Adjustment --- Short-term Capital Movements --- Debt --- Debt Management --- Sovereign Debt --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Price Level --- Deflation --- International Investment --- Long-term Capital Movements --- International economics --- Public finance & taxation --- Finance --- Budgeting & financial management --- Public debt --- Financial institutions --- Balance of payments --- Prices --- Debts, Public --- Mutual funds --- Capital movements