The focus of this paper is India. In line with TRIPS India has introduced a product patent regime in pharmaceuticals from 1 January, 2005. WIll this lead increase in resources deveoted to R and D by Indian companies for the development of new drugs more suited to the needs of India and other...

The government of India has appointed many committees to look into the issue of agrarian distress in India. An Expert Panel was constituted by the National Bank for Agricultural and Rural Development to evolve an implementable plan of action based on the various recommendations of these...

Health is a State subject and the Government of India has always tried to work in partnership with states to meet people's needs. As the report will indicate, it is through this partnership with constant monitoring and support that they have provided for increasing the out-patient cases,...

This paper introduces a framework for analyzing the role of financial factors as a source of stability in small open economies. Our basic model is a dynamic open economy with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit constraints,...

This paper presents a simple model of currency crises which is driven by the interplay between the credit constraints of private domestic firms and the existence of nominal price rigidities. The possibility of multiple equilibria, including a 'currency crisis' equilibrium with low output and a...