Emphatic win

Significantly, these are the first election since 1978, when the Constitution was amended and the proportional representation system was introduced, in which an alliance has not only won a clear majority but come close to the two-thirds majority required for passing amendments to the Constitution.

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Doubling per capita income in next seven years (Part II):

Towards a strong sustained growth

A stable economic environment is an absolute necessity for private investment. There is no agreement among economists and policy makers on what stability is, since some countries have been able to achieve high growth along with high inflation.

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Monetary policy in developing countries

Short-term capital flows may be very volatile; they react quickly to sudden changes in investors’ moods, external events, and to perceptions of governments’ macroeconomic policy decisions.

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