India's Economic Reforms, 1991-2001India is the world's largest democracy, and second-largest developing country. For forty years it has also been one of the most dirigiste and autarkic. The 1980s saw most developing and erstwhile communist countries opt for market economic systems. India belatedly initiated similar reforms in 1991. This book evaluates the progress of those reforms, covering all of the major areas of policy; stabilization, taxation and trade, domestic and external finance, agriculture, industry, the social sectors, and poverty alleviation. Will India realize its great potential by freeing itself from the self-imposed constraints that have hindered its development? This is the important and fascinating question considered by this book. |
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الصفحة 1
Immediate drastic action, including a large devaluation and deflationary fiscal measures, was essential to prevent default by securing the co-operation of official donors and lenders. Many countries have been forced to take similar ...
Immediate drastic action, including a large devaluation and deflationary fiscal measures, was essential to prevent default by securing the co-operation of official donors and lenders. Many countries have been forced to take similar ...
الصفحة 14
8 The crisis was brought to a head by a steep fall in foreign exchange reserves to about $1 billion (equal to two weeks' imports), a sharp downgrading of India's credit rating, and a cut-off of foreign private lending.
8 The crisis was brought to a head by a steep fall in foreign exchange reserves to about $1 billion (equal to two weeks' imports), a sharp downgrading of India's credit rating, and a cut-off of foreign private lending.
الصفحة 22
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الصفحة 47
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الصفحة 48
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المحتوى
1 | |
13 | |
3Fiscal Policy and Trade Policy | 63 |
4Financial Sector Reform | 109 |
5Industrial Policy and Factor Markets | 171 |
6The Social Sectors Poverty and Reform | 219 |
7Summary and Afterthoughts | 247 |
Bibliography | 267 |
Index | 277 |
طبعات أخرى - عرض جميع المقتطفات
عبارات ومصطلحات مألوفة
achieved agricultural allowed assets banks borrowing budget capital cent of GDP central Centre Chapter companies competition consider corporate cost countries crores current account deficit debt deposit direct discussed domestic economic effective efficiency employment enterprises estimates excise expenditure exports favour firms fiscal fiscal deficit foreign funds further given growth higher important improvement income increase India industry inflation inflows institutions interest interest rates investment issue labour lending less liberalization limit loans losses major measures Note operation output payments political poor poverty present primary problem production profitability programme promoters protection public sector raised reasons reduced reform regulation relative remain reserves restrictions result rise rural savings schemes securities share social structure subsidies suggested tariff taxation trade wages