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001447051 001__ 1447051
001447051 003__ OCoLC
001447051 005__ 20230310004059.0
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001447051 008__ 220528t20222022si\a\\\\ob\\\\000\0\eng\d
001447051 019__ $$a1323251499
001447051 020__ $$a9789811912764$$qelectronic book
001447051 020__ $$a9811912769$$qelectronic book
001447051 020__ $$z9789811912757$$qhardcover
001447051 020__ $$z9811912750$$qhardcover
001447051 0247_ $$a10.1007/978-981-19-1276-4$$2doi
001447051 035__ $$aSP(OCoLC)1321786765
001447051 040__ $$aYDX$$beng$$epn$$erda$$cYDX$$dGW5XE$$dEBLCP$$dWAU$$dOCLCF$$dUKAHL$$dOCLCQ
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001447051 049__ $$aISEA
001447051 050_4 $$aHC435.4$$b.M67 2022
001447051 08204 $$a338.954$$223/eng/20220608
001447051 1001_ $$aMorris, Sebastian,$$eauthor.
001447051 24510 $$aMacroeconomic policy in India since the global financial crisis :$$btrends, policies and challenges in economic revival post-Covid /$$cSebastian Morris.
001447051 264_1 $$aSingapore :$$bSpringer,$$c[2022]
001447051 264_4 $$c©2022
001447051 300__ $$a1 online resource (xxviii, 296 pages) :$$billustrations (chiefly color).
001447051 336__ $$atext$$btxt$$2rdacontent
001447051 336__ $$astill image$$bsti$$2rdacontent
001447051 337__ $$acomputer$$bc$$2rdamedia
001447051 338__ $$aonline resource$$bcr$$2rdacarrier
001447051 4901_ $$aIndia studies in business and economics,$$x2198-0020
001447051 504__ $$aIncludes bibliographical references.
001447051 5050_ $$a1. Introduction -- 2. Trends in growth since the GFC -- 3. Credit, employment, and the current account -- 4. Capital formation and foreign investment -- 5. Inflation and monetary developments -- 6. Policy and analyses -- 7. Reflexive, not reflective monetary policy -- 8. The COVID crisis and response -- 9. The recovery -- 10. The challenge of manufacturing -- 11. GST and the discrimination against production oriented states -- 12. Conclusions.
001447051 506__ $$aAccess limited to authorized users.
001447051 520__ $$aThis book discusses the Indian economic crisis and brings out what went wrong and the correction necessary for getting the economy back to high growth trajectory, leading to economic transformation. To do so, the book covers trends in performance of Indian economy since the Global Financial Crisis to the COVID-19 effect, bringing out factors that have determined the same. The book questions the approach to macroeconomic policy of both the RBI and the government and brings out what it takes for macroeconomic policy to be supportive of high growth. It contains revealing contrasts with East Asia and China, although India has the same potential to grow with an expansion of manufacturing. Overall, it argues that macroeconomic policies (as much as structural, industrial, and trade policies) have been deficient and even good initiatives on the industrial policy and trade flounder for the lack of a strategic approach to macroeconomics. The book highlights the special opportunities present in an emerging economy with vast under and utilised labour and the macroeconomic policy initiatives that can take advantage of this key feature. It covers the macroeconomic data on growth using multiple indicators, then the external shocks and the internal policy measures/responses; besides, GVA/GDP, credit, exports, external transactions, interest and policy rates, yields, exchange rates, money, capital flows, indices of industrial sector, price indices and inflation, government expenditures, tax rates, fiscal deficits, market uncertainty measures to present a holistic picture of the economy and the shocks and policy actions that have followed. The book uses an innovative method of presentation and the consistency of the trends/stances of both monetary and fiscal policy using these large number of variables. It discusses the debate on overestimation of GDP/GVA growth estimates over the years from 2011-12 to about 2016-17 comprehensively. There is special coverage of GST with a comparison with China. Coverage also includes performance since the COVID-19 crisis again using a large number of indicators and an explanation for the same in terms of the limitations of the governments initiatives to counteract. The book is a quick and ready reference of what has happened in macroeconomic terms to those interested in the relevant facts. It is of interest to international economists, policy analysts, and investors whose need to understand that the Indian economy in macroeconomic terms and in terms of the stances and penchant of the government and the RBI is of value.
001447051 5450_ $$aDr. Sebastian Morris is Senior Professor, and Chair of the Centre for Public Policy and Governance at the Goa Institute of Management.
001447051 588__ $$aDescription based on print version record.
001447051 650_0 $$aMacroeconomics.
001447051 651_0 $$aIndia$$xEconomic policy$$y21st century.
001447051 655_0 $$aElectronic books.
001447051 77608 $$iPrint version:$$aMorris, Sebastian.$$tMacroeconomic policy in India since the global financial crisis.$$dSingapore, Singapore : Springer, [2022]$$z9789811912757$$w(OCoLC)1296532105
001447051 830_0 $$aIndia studies in business and economics.
001447051 852__ $$bebk
001447051 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-981-19-1276-4$$zOnline Access$$91397441.1
001447051 909CO $$ooai:library.usi.edu:1447051$$pGLOBAL_SET
001447051 980__ $$aBIB
001447051 980__ $$aEBOOK
001447051 982__ $$aEbook
001447051 983__ $$aOnline
001447051 994__ $$a92$$bISE