The paper presents the policymakers perspective on the reforms undertaken to manage states debt and ensure solvency … ensuring that the debt does not grow in an explosive trajectory, major reforms were implemented to reverse the fiscal decline …. The serious efforts at fiscal consolidation and institutional reforms have enabled states to set on the path toward fiscal …

There has been much debate about how much India's poor have shared in the economic growth unleashed by economic reforms …

Infrastructure is an important driving force for economic growth. It reduces trade and transaction costs and stimulates …, infrastructure is an important constraint in many African countries. Using firm-level data for East Africa, the paper reexamines the … relationship between firm performance and infrastructure. It is shown that labor costs are by far the most important to stimulate …

and institutional frameworks; and (b) reforms that reduce cross-border transaction costs and improve the performance of … "backbone" infrastructure services are arguably even more important for the creation of an open, unified regional economic space … than trade policy reforms narrowly defined. Disparities of regulatory treatment across borders can introduce distortions …