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 vi
Summary and Afterthoughts 7.1 Review of Progress 7.2 Reasons for Success and Causes of Failure 7.3 Reform Priorities 7.4 The Future of Reform, 1996–2001 Bibliography Index 109 109 110 152 166 168 171 171 172 204 211 219 219 221 227 232 ...
Summary and Afterthoughts 7.1 Review of Progress 7.2 Reasons for Success and Causes of Failure 7.3 Reform Priorities 7.4 The Future of Reform, 1996–2001 Bibliography Index 109 109 110 152 166 168 171 171 172 204 211 219 219 221 227 232 ...
الصفحة 7
There are two reasons. First, there is by now evidence not only from India but also from most other countries that the bureaucratic and political regulation of publicly owned enterprises results in an inefficient use of resources.
There are two reasons. First, there is by now evidence not only from India but also from most other countries that the bureaucratic and political regulation of publicly owned enterprises results in an inefficient use of resources.
الصفحة 8
For these reasons we believe that there is a much stronger case for privatization in India than has yet been accepted by the government. We turn next to the question of protection. We believe in and advocate an absence of import and ...
For these reasons we believe that there is a much stronger case for privatization in India than has yet been accepted by the government. We turn next to the question of protection. We believe in and advocate an absence of import and ...
الصفحة 9
... to capital movements, we believe that eventually when India has established the trade regime of very low protection that we advocate, then direct foreign investment should be allowed without restriction (unless for defence reasons).
... to capital movements, we believe that eventually when India has established the trade regime of very low protection that we advocate, then direct foreign investment should be allowed without restriction (unless for defence reasons).
الصفحة 30
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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 |
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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