India's Economic Crisis: Nature and Remedies

Abstract

Currently, the Indian economy is passing through a severe crisis which is due to an accumulation of the combined effect of various forces operating in the domestic as well as the global economy.In this article, Bakul H Dholakia analyses the major elements of the present economic crisis such as foreign exchange crunch, fiscal imbalances and high rate of inflation and suggests various long-term measures for bringing the economy on even keel.