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Chakravarthi Rangarajan on Monetary Policy After Liberalization

Ideas of India

CHAPTER

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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