Publication

This paper looks at Bhutan’s economic relationship with India. The rupee-crunch in Bhutan may be a purely domestic issue brought on by poor fiscal policies and mismanagement of economic affairs. The author argues, however, that it is important to also recognize the impact of Indian policies on the Bhutanese economy in this equation. The rupee crunch, she claims, is an important pointer to the fact that Bhutan's business sector is feeling squeezed by some of the economic policies being pursued by the Indian government.