India: managing financial globalisation and growth

mer. New Delhi: Business Standard, 2009. India has put up an impressive growth performance in recent years, while smoothly integrating with global markets and yet avoiding the financial crises that have wracked so many emerging markets. Can the country sustain this record? That is the main question this volume addresses. It looks at the policies needed to sustain strong growth while maintaining financial stability in the face of massive flows of global capital. It examines questions such as: What is the speed limit for India's growth, and how can it be raised? Are capital flows across India's borders pushing the rupee out of alignment an d undercutting competitiveness? How should economic policiesranging from monetary policy to the social safety netbe adjusted to the new reality of India's economy and financial systems? In answering these questions, the volume draws on research conducted by the International Monetary Funds India team over two years. This research leverages the IMFs unique global base of experience and expertise, and the India teams close study of the Indian economy, to provide a perspective on the policy challenges confronting India. (Source: www.business-standard.com/books/)