India at the Crossroads: Sustaining Growth and Reducing Poverty

India at the Crossroads brings together the IMF’s latest research and analysis on India’s macroeconomic policies and fiscal health. The authors examine the numerous structural and policy changes the Indian authorities have adopted since the 1991 balance of payments crisis; how these changes helped India weather the Asian financial crisis of 1997-98; the risks to fiscal sustainability and their implications for growth; the challenges facing monetary policy in the face of financial market liberalization; and the benefits of structural reform and fiscal policy for growth, poverty, and the reduction of regional disparities.