Emergence and Persistence of Structural Imbalances:

The period broadly corresponds to the period of the Sixth Plan and the Seventh Plan. The Sixth Plan was launched when the economy was faced with severe BOP difficulties. In 1981, India entered into an arrangement with the IMF for a loan of SDR billion under the Extended Fund Facility. The amount was to be disbursed over a three-year period. India, however, drew only SDR 3.9 billion and the arrangement was terminated in early 1984 at India's request because of the improvement in the BOP position in 1983-84. The deficit on external trade and payments suddenly jumped from the first year of the Seventh Plan and was particularly acute during the last two years of the plan. The CAD more than trebled over the Plan period as a whole, the deficit was as high as 2.2 per cent of the GDP, as compared to 1.3 per cent during the Sixth Plan.  

Posted Date: 11/15/2012 12:27:04 AM | Location : United States

Ask an Expert

Related Discussions:- Emergence and persistence of structural imbalances, Assignment Help, Ask Question on Emergence and persistence of structural imbalances, Get Answer, Expert's Help, Emergence and persistence of structural imbalances Discussions

Write discussion on Emergence and persistence of structural imbalances
Your posts are moderated

Write your message here..

Related Questions

How does the tot relate to the exchange rate, Is the terms of trade (TOT) e... Is the terms of trade (TOT) explained as the ratio of the value of exports to the value of imports? How does the TOT relate to the exchange rate? The terms of trade (TOT) is ex

Isoquant, definition of abnormal isoquant and normal isoquant definition of abnormal isoquant and normal isoquant

Find the monopsony first mover competitive fringe buyer, Draw the suitable ... Draw the suitable graph for each situation and describe a real world situation in health care in which the market structure utilized in the question may exist. Demand: P=6,000-0

Assignment, suppose you have a coffee shop. list of fixed input and variabl... suppose you have a coffee shop. list of fixed input and variable input for operating the shop. ques-2 describe the condition under in which labour treated as variable cost and whic

Monopoly, b) Why is monopoly considered to be generally against public inte... b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?

Significance of education to economic development, Normal 0 fal... Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

What main features are found in oligopolies, What main features are found i... What main features are found in oligopolies? Assumptions of oligopoly Four or five firm concentration ratio Frequently there are benefits of scale to be had Merg

Labor deman, Discuss two factors that would increase demand for labortion..... Discuss two factors that would increase demand for labortion..

Explain about non-renewable resources, How the above would apply to non-ren... How the above would apply to non-renewable resources such as oil. This has general applicability to any competitive market. The issue here is that potential supply has a finite

Explain monetarist and monetary policy, Explain Monetarist and Monetary pol... Explain Monetarist and Monetary policy Monetarist:    A group of economists who believe that alters in the money supply are the most effective instrument of government economi