All Volumes and Issues - आरबीआई - Reserve Bank of India
जून 09, 2003
Asian Economic Recovery: Policy Options for Growth and Stability Edited by Tan Kong Yam, The Institute of Policy Studies, Singapore University Press and World Scientific, Singapore, 2002, pages 300.
Very few economic events other than the Great Depression of 1929 have generated such worldwide interest as the East Asian financial crisis of 1997-99. Not only its sudden emergence in the lands of fiscal rectitude and export competitiveness but also their remarkable recovery in a short span of time have given rise to heated debates on a host of diagnostic issues, opening new horizon and dimension in open economy macroeconomics. The crisis has also left the ardent prop
जून 09, 2003
India’s Fiscal Matters by Parthasarathi Shome, Oxford University Press, New Delhi, 2002, pages 260, Price Rs. 495
The fiscal situation across a wide spectrum of countries poses formidable challenges in public policy making. The way the author has handled these challenges marks his wide experience in this area. The author relies on his analysis of cross-country experience to identify the issues and address them in the Indian context. The book highlights that the prevailing issues and emerging challenges for the fiscal policy in India demand a medium-term fiscal strategy. An effici
जून 09, 2003
Money and Monetary Regimes: Struggle for Monetary Supremacy by George Macesich, Pracger Publishers, CT, U.S.A 2002, pp XIV +167,US $ 62.
The title of the book evokes considerable academic curiosity and even excitement in the mind of an aspiring reader, especially if he takes the "Struggle for Monetary Supremacy" at face value. "Struggle for Monetary Supremacy" is generally perceived as a contest among various national currencies for a pre-eminent role in international transactions. However, the present book confines itself to the role of money and the performance of monetary regimes within a national e
जून 09, 2003
Occasional Papers - Vol.22 (Summer, Monsoon and Winter 2001)
जून 09, 2003
Sustainability of Services-Led Growth: An Input Output Analysis of the Indian Economy
(Part 1 of 3)
(Part 1 of 3)
Sanjay K. Hansda*The sustainability of services as also of services-led growth of the Indian economy has been addressed in terms of the inter-sectoral linkages as emanating from the input-output transactions tables for 1993-94 both at the disaggregated level of 115 activities and the aggregated level of 10 constructed national accounts categories. At the disaggregated level, the Indian economy is found to be predominantly services-intensive with 55 per cent activities
जून 09, 2003
Sustainability of Services-Led Growth: An Input Output Analysis of the Indian Economy
(Part 3 of 3)
(Part 3 of 3)
Appendix Table 2: Backward, Forward & Total Linkages - Activity-wise Indices ActivityBackwardRankForwardRankTotalOverall Index Index IndexRank 1234567 Agriculture 1Paddy2.4262.4174.8362Wheat1.47191.18142.65153Jowar0.63810.14530.76764Bajra0.54880.06700.60895Maize0.57860.11570.68826Gram0.40970.16470.56907Pulses1.01440.34341.36418Sugarcane0.52910.64241.15479Groundnut0.53890.13550.678410Jute0.251070.01870.2610711Cotton0.361000.05710.4110112Tea0.171110.01880.1911
जून 09, 2003
Public Sector Spending and Economic Growth in India
Jeevan Kumar Khundrakpam*The paper analyses the dynamic interaction between the public sector expenditure and national income in India for the period 1960-61 to 1996-97. It finds a stable long-run relationship between public sector expenditure and national income in India, with the causality running strictly from the former to the latter. The study also indicates that long-run positive impact of public sector expenditure on national income would turn adverse if the gr
जनवरी 13, 2003
Insurance : The Indian Experience
Achamma Samuel*As a part of the financial sector reforms, the insurance sector has been liberalised recently. With this, the stage has been set for major changes in the insurance market in India with regard to innovations in product, pricing and distribution. This will also necessitate effective regulation to meet the new challenges this sector is likely to encounter in the liberalised environment. In this context, the paper attempts to make an overview of the insuran
जनवरी 13, 2003
The Price of Low Inflation (Part 1 of 2)
Muneesh Kapur and Michael Debabrata Patra*Any society that desires to lower the inflation rate may suffer output losses in the interim period. Even independent central banks have to contend with such output losses, given the inertia in inflation expectations and credibility constraints. Presenting estimates of the sacrifice ratio for India, this paper argues that the slope of the aggregate supply curve in India is flattening and this may raise the output costs of rein
जनवरी 13, 2003
The Price of Low Inflation (Part 2 of 2)
Table 7 : Estimates with WPI Inflation 1971-1971-1971-1971-1985-1985-1985-1985- 20012001200120012001200120012001Specification4CE4aCE4CE4aCE Constant-2.94-7.26-5.32-7.11-2.17-4.79-2.05-5.18 (-1.3)(-10.2)(-2.0)(-8.5)(-1.3)(-7.0)(-1.2)(-7.0) dxt0.34 0.29 (2.1) (2.7) 0.67 0.44 (6.9) (4.9) dxt + 0.55 0.30 Ygapt-1 (2.9) (2.7) 0.68 0.48 (7.8) (5.1) pt-10.23 0.27 0.45 0.38 (1.9) (
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