
The Indian economy has recovered strongly. The government's poverty alleviation programs have focused on generation of employment in rural areas. The overall deficit of the consolidated public sector has risen sharply in recent years, erasing most of the consolidation that was achieved during the first half of the 1990s. The paper discusses the monetary and financial market developments, reforms and performance, external sector, trade policy, and structural policy developments in India. The new government has taken a number of initiatives committed to structural reform.
India;capital formation, capital goods, tax revenue, capital inflows, interest payments, Economic conditions;India;Recent Economic Developments Reports;international monetary fund, monetary policy, balance of payments, capital inflows, public sector, India;capital goods, tax revenue, capital inflows, foreign currency, capital formation, India;tax revenue, commercial banks, foreign currency, direct investment, foreign direct investment
India;capital formation, capital goods, tax revenue, capital inflows, interest payments, Economic conditions;India;Recent Economic Developments Reports;international monetary fund, monetary policy, balance of payments, capital inflows, public sector, India;capital goods, tax revenue, capital inflows, foreign currency, capital formation, India;tax revenue, commercial banks, foreign currency, direct investment, foreign direct investment
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