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MID YEAR REVIEW OF THE INDIAN ECONOMY 2002-2003

MID YEAR REVIEW OF THE INDIAN ECONOMY 2002-2003

SUMAN K. BERY, N N VOHRA (ED)

Year : 2003

Bibliography : 156 pp

ISBN : 8175411368, Price : $25.00 Add To Cart

About the Book

The present Mid- Year Review of the Indian Economy is strategically timed to provide a critical analysis of trends in the current fiscal year before budget preparations for the next year get underway. It attempts to analyse the economy's present cyclical positin against the background of performance over the last decades.
The medium term projections provide a real GDP growth of 6 per cent, well below the target for the Tenth Five-Year Plan. The forecast for the current year places overall real GDP growth at 4.8 per cent with the major contributions coming from services and Industry. At the macro level, it points to a slow down in investment growth and the need for reviving the investment climate. At the sectoral level the unsatisfactory performace of Agriculture in the 1990s has come as a disappointment since, with a more liberalised trade policy environment, it was expected to benefit prositively.
A mixture of good and bad news, this Review assesses the prospects for the Indian economy for 2002-03 and presents a medium-term view on growth. The forecasts are based on the macroeconomic models developed by the NCAER.

About Author

N N Vohra, was a member of the Indian Administrative Service (1959-94), borne on the Punjab cadre. With the Government of India, he successively served as Secretary Defence Production, Defence Secretary and Home Secretary. On retirement he took over as Director, India International Centre (1995-97, 1998). In 1997 he was recalled to serve as Principal Secretary to the Prime Minister of India (1997-98). Member of the National Security Advisory Board (1998-2001), Chairman, National Task Force on Internal Security (2000) and C0-Chariman of the India-EU Round Table, has been writing on issues relating to security and good governance.

Contents

Preface, List of Tables, List of Abbreviations, The setting and overview, Agriculture, Industry, External Sector, Public Finance, Macroeconomic Outlook, Comments on the Review made by the discussants, References, Contributors.

Additional Info.

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