Brazil and India in the global economic crisis: immediate impacts and economic policy responses, by André Nassif. “This remarkable performance meant that India was the second least adversely affected by the global crisis, after China. This chapter shows that the monetary and fiscal policy response to the global crisis by Indian policymakers was both quicker and more far-reaching than that of Brazil, which not only helped save the Indian economy from recession, but also set it on a path of rapid growth.” PDF Attached.
