Lessons for India from the Recent Financial Crisis in Southeast Asia

In: Management and labour studies: a quarterly journal of responsible management, Band 25, Heft 4, S. 272-289

Abstract

Though the financial crisis recently suffered by several Southeast Asian countries has already been extensively studied, this article views the crisis as an object lesson for India. An analysis of the World Debt Tables, published by the World Bank indicates that, on the whole, India's indebtedness has been more carefully managed. However, there are clear danger signals which show that the government must give priority to the management of external debt.