Prime Minister: Indira Gandhi

The Age Of Stars

Partition, planning, aid consortia and nationalised banks.

Vol. CIXThe edition of 1983 · The Planned Republic4 records
Prime Minister
Indira Gandhi
President
Giani Zail Singh
Finance Minister
Pranab Mukherjee
RBI Governor
Manmohan Singh

Bank Rate

10%

unchanged on 1982

Rupee per dollar

₹10.1

+6.5% on 1982

Inflation

11.87%

+3.98 pts on 1982

GDP growth

7.29%

+3.81 pts on 1982

Reserves

$8,216m

−0.3% on 1982

External debt

$30,649m

+13.8% on 1982

Trade & Tariffs

1 item

Balance-of-payments constraint on trade policy (contextual)

A declassified CIA National Intelligence Estimate, India in the Mid-1980s: Goals and Challenges (NIE 31-83…

A declassified CIA National Intelligence Estimate, India in the Mid-1980s: Goals and Challenges (NIE 31-83, 1983-01-14), devotes sections to "The Economy: Clouded Prospects Despite Liberalized Policies", "Economic Policies, New and Old Cures" and "International Payments, A Key Problem for the Mid-1980s", i.e. a contemporaneous external assessment that liberalisation was under way but externally constrained

ReportedOfficial record. Source: archive.org

The Ledger: what was borrowed in 1983

Full ledger →
CreditorInstrumentAmountUS$ mStatusGrade
Bank syndicate (not named)ICICI Eurocurrency loan (USD 30 mn + DM 45 mn)repaidverified
Swiss lender (not named)ICICI Swiss franc export credit10 CHFrepaidverified

Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.

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