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Macroeconomic policy, employment and decent work in India

Author

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  • Chandrasekhar, C. P.

Abstract

This paper examines the recent evolution of fiscal and monetary policy in India since the 1991 economic reforms, along with their impact on employment and decent work outcomes. To achieve macroeconomic stability objectives and attract foreign direct investment (FDI), the Government of India committed itself to reducing the fiscal deficit to 3 per cent of GDP through the Fiscal Responsibility and Budget Management (FRBM) Act, while the Reserve Bank of India (RBI) adopted an inflation-targeting framework with a target of 3 per cent.

Suggested Citation

  • Chandrasekhar, C. P., 2016. "Macroeconomic policy, employment and decent work in India," ILO Working Papers 994944592402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994944592402676
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    File URL: https://ilo.userservices.exlibrisgroup.com/view/delivery/41ILO_INST/1244998200002676
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    Cited by:

    1. Mungase, Sachin & Nikam, Supriya & Kothe, Satyanarayan, 2024. "Structural Change and Labour Productivity in BRICS," MPRA Paper 121607, University Library of Munich, Germany.
    2. Rizwanul Islam, 2018. "Macroeconomic Policy and Employment: A Development Perspective," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 61(3), pages 427-451, September.

    More about this item

    Keywords

    economic policy; macroeconomics; decent work.; fiscal policy.; monetary policy;
    All these keywords.

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