The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. It provides a forum for addressing the scope, speed, and desirability of economic reforms within India and their fundamental impacts on the country's social and economic welfare. The IPF aims to nurture a global network of scholars interested in India's economic transformation. A joint publication of the National Council of Applied Economic Research in India and the Brookings Institution in the United States, the IPF provides a bridge between researchers in India and abroad. This inaugural issue contains highlights from a conference held in New Delhi in March 2004. Topics include:
India's Trade Reform
by Arvind Panagariya
Should a U.S.-India Free Trade Agreement Be Part of India's Trade Strategy?
byRobert Z. Lawrence and Rajesh Chadha
Foreign Inflows and Macroeconomic Policy in India
by Vijay Joshi and Sanjeev Sanyal
India's Experience with a Pegged Exchange Rate
by Ila Patnaik
Liberalizing Capital Flows in India: Financial Repression, Macroeconomic Policy, and Gradual Reforms
by Kenneth M. Kletzer
Banking Reform in India
by Abhijit V. Banerjee, Shawn Cole, and Esther Duflo