000			01168pab a2200157 454500
008			180718b2018 xxu||||| |||| 00| 0 eng d
100			_aSrinivas, V.
245			_aIndia?s IMF programmes?1966 and 1981: an analytical review
260			_c2018
300			_ap.219-227.
362			_aJun
520			_aIndia was one of the most closed economies in the world during the period of 1947?1991. India?s fiscal deficits were high, and foreign exchange reserves were precipitously low and the exports were non-competitive. On three occasions, India had to avail external assistance from the International Monetary Fund (IMF) to overcome the balance of payments (BOP) crisis. India negotiated IMF programmes in 1966, 1981 and 1991. This article examines the events of 1966 and 1981. While India sought significant IMF assistance, gradualism reigned in the reforms programme. This article appraises the macro-economic conditions of 1966 and 1981 programmes, the choices that governments of the day faced and the reasons for the decisions taken. - Reproduced.
650			_aInternational monetary fund
773			_aIndian Journal of Public Administration
909			_a117327
999			_c117321 _d117321