Staying on course to be a colossus

Shalendra SHARMA

Staying on course to be a colossus

Shalendra SHARMA

Research output: Journal Publications › Journal Article (refereed) › peer-review

Abstract

It is possible to speak of an economic miracle in India. The country has gone from a growth rate of 1.2% of GDP in 1991-1992 to about 5.5% in 1994-1995. For 1995-1996, 6.5% is the projected growth rate. Inflation is a relatively low 8%, the budget deficit is less, and interest rates are still high but decreased from 22% to 17%. Further reductions are expected. Foreign- exchange reserves amounted to $22 billion in Jan 1996, up from $1 billion in July 1991. Prime Minister P.V. Narasimha's actions contributing to India's economic growth are detailed.

Original language	English
Pages (from-to)	108-110
Number of pages	3
Journal	The World Today
Volume	52
Issue number	4
Publication status	Published - 1 Apr 1996

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Cite this

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title = "Staying on course to be a colossus",

abstract = "It is possible to speak of an economic miracle in India. The country has gone from a growth rate of 1.2\% of GDP in 1991-1992 to about 5.5\% in 1994-1995. For 1995-1996, 6.5\% is the projected growth rate. Inflation is a relatively low 8\%, the budget deficit is less, and interest rates are still high but decreased from 22\% to 17\%. Further reductions are expected. Foreign- exchange reserves amounted to \$22 billion in Jan 1996, up from \$1 billion in July 1991. Prime Minister P.V. Narasimha's actions contributing to India's economic growth are detailed.",

author = "Shalendra SHARMA",

year = "1996",

month = apr,

day = "1",

language = "English",

volume = "52",

pages = "108--110",

journal = "The World Today",

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T1 - Staying on course to be a colossus

AU - SHARMA, Shalendra

PY - 1996/4/1

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N2 - It is possible to speak of an economic miracle in India. The country has gone from a growth rate of 1.2% of GDP in 1991-1992 to about 5.5% in 1994-1995. For 1995-1996, 6.5% is the projected growth rate. Inflation is a relatively low 8%, the budget deficit is less, and interest rates are still high but decreased from 22% to 17%. Further reductions are expected. Foreign- exchange reserves amounted to $22 billion in Jan 1996, up from $1 billion in July 1991. Prime Minister P.V. Narasimha's actions contributing to India's economic growth are detailed.

AB - It is possible to speak of an economic miracle in India. The country has gone from a growth rate of 1.2% of GDP in 1991-1992 to about 5.5% in 1994-1995. For 1995-1996, 6.5% is the projected growth rate. Inflation is a relatively low 8%, the budget deficit is less, and interest rates are still high but decreased from 22% to 17%. Further reductions are expected. Foreign- exchange reserves amounted to $22 billion in Jan 1996, up from $1 billion in July 1991. Prime Minister P.V. Narasimha's actions contributing to India's economic growth are detailed.

M3 - Journal Article (refereed)

SN - 0043-9134

VL - 52

SP - 108

EP - 110

JO - The World Today

JF - The World Today

IS - 4

ER -