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Extra info for India: reducing poverty, accelerating development

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On the capital account, increases in portfolio investment (despite continued low levels of private capital flows worldwide) and 'other' capital inflows which appear strong thus far in 1999, will offset a decline in net long-term borrowings after the one-time Resurgent India Bond (RIB) issue in 19989. 2 months of imports (Chapters 8 and 9). The external debt situation remains comfortable, and external debt to GDP as well as debt to current receipts ratios have steadily fallen since 19923. A large proportion of external debt is to multilateral and bilateral lenders and/or is long term.

Data analysis and management were done by Bala Bhaskar Naidu Kalimili, Priya Mathur, Harpinder Oberai, and Farah Zahir. Kanishka Ghoshal helped with the states' database. Bita Hadjimichael did the analysis of customs Page vi tariff data, while Mihir Pandey and Samiran Chakrabarti provided the analysis on non-tariff barriers. The desktop publishing was done by Shahnaz Rana, Shunalini Sarkar, and Rita Soni. Jillian Badami and Naomi Dass provided logistical support. Priya Mathur and Harpinder Oberai provided all-round contributions in getting the Report ready.

Background papers for the review were prepared by O. P. Mathur (decentralization), Shubhashish Gangopadhyay, Wilima Wadhwa, and Bibek Debroy (judicial and civil service reforms), Omkar Goswami (corporate governance), and CRISIL (public enterprises). The CII conducted a survey of the business environment for 210 small and large firms in all parts of India. Apart from the very useful comments of the task team members, the Report benefited from comments by Pedro Alba, Mukesh Ambani (Reliance Industries), Alok Bansal, Bhavna Bhatia, Milan Brahmbatt, Tim Callen (IMF), Shahrokh Fardoust, Edgardo Favaro, Keith Hinchcliffe, Karin Kapadia, Homi Kharas, Sandeep Mahajan, Will Martin, Smita Misra, Lucio Monari, Djamal Mostefai, Tawhid Nawaz, Martin Rama, V.

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