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India at the Crossroads

Tim Callen Patricia Reynolds Christopher Towe
Price: $ 27

The experience of the last decade has illustrated the enormous capacity that India has for absorbing structural change and the significant benefits that sound policies can yield. At the same time, however, the process of structural reform is unfinished and much of the fiscal adjustment that was achieved has been reversed. This book suggests that ensuring strong, sustained, and high-quality growth in the coming decade will require a broad-based and deep commitment to fiscal deficit reduction, wide-ranging structural reform, and prudent and careful management of monetary and exchange rate policies.

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