While offering many growth-enhancing opportunities, India's ever-increasing integration with the world economy has given rise to a host of new challenges in managing the economy. This book provides an up-to-date empirical assessment of some of India's crucial policy challenges pertaining to its monetary and external sector management.
"The book has covered the important macroeconomic policy issues with a strong conceptual framework, comprehensive literature survey, and robust empirical analysis. The book is strongly recommended for researchers, students, policy makers, practitioners, and analysts interested in India's macroeconomic management-particularly monetary and external-sector management." (R. K. Pattnaik, Journal of Economic Literature, Vol. 55 (1), March, 2017)