From the record
A quiet year in the ledgers
No dated event for 1988 has yet been extracted from the sources. The paper prints what is documented and leaves the rest blank, rather than guessing.
Prime Minister: Rajiv Gandhi
The Age Of Stars
Partition, planning, aid consortia and nationalised banks.
Vol. CXIVThe edition of 1988 · The Planned Republic1 records
- Prime Minister
- Rajiv Gandhi
- President
- Ramaswamy Venkataraman
- Finance Ministers
- Narayan Datt Tiwari · Shankarrao B. Chavan
- RBI Governor
- R. N. Malhotra
Bank Rate
10%
unchanged on 1987
Rupee per dollar
₹13.9
+7.4% on 1987
Inflation
9.38%
+0.58 pts on 1987
GDP growth
9.63%
+5.66 pts on 1987
Reserves
$9,186m
−20.2% on 1987
External debt
$59,289m
+11% on 1987
The Ledger: what was borrowed in 1988
Full ledger →| Creditor | Instrument | Amount | US$ m | Status | Grade |
|---|---|---|---|---|---|
| Japanese bank syndicate (not named) | NTPC's first syndicated Japanese loan | 30,000 JPY | verified |
Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.
