
Chakravarthi Rangarajan on Monetary Policy After Liberalization
Ideas of India
The Importance of Conditionalities in India
India had currency problems in the 50s and 66. But it was very different after 1991. The reforms were our own making, he says. We decided that the time has come to move in a different direction,. And therefore, the additionality of funds that came was a good thing.
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