ISAS Briefs

This paper states that, with the return of economic growth in India and China, policy makers are concerned about inflationary pressures as well as growing asset price bubbles. The causes of concern arise from different macroeconomic fundamentals in the two countries, and accordingly, the strategies are different. For the world at large, of the two countries, the consequences of China not getting it right are much more serious. This paper examines some of the concerns.