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 5
The authors while recognizing the need for gradualness also suggested that the time had come for a 'change of gear' to impart fresh impetus to the reforms. The change has been to a lower gear, and probably been lost. support has It has ...
The authors while recognizing the need for gradualness also suggested that the time had come for a 'change of gear' to impart fresh impetus to the reforms. The change has been to a lower gear, and probably been lost. support has It has ...
الصفحة 8
Recent experience in the UK and elsewhere seems to suggest that it is institutionally easier to regulate a private monopoly than it is to manage a public monopoly, to serve the public interest tolerably well.
Recent experience in the UK and elsewhere seems to suggest that it is institutionally easier to regulate a private monopoly than it is to manage a public monopoly, to serve the public interest tolerably well.
الصفحة 12
Reasons for success and failure are considered, and priorities suggested. The likelihood of a satisfactory continuation of the process of reform is assessed. 2 Stabilization Policy 2.1. Introduction A macroeconomic crisis usually takes ...
Reasons for success and failure are considered, and priorities suggested. The likelihood of a satisfactory continuation of the process of reform is assessed. 2 Stabilization Policy 2.1. Introduction A macroeconomic crisis usually takes ...
الصفحة 18
... 1994/95 and informal evidence suggests a further increase in 1995/96. Again, it is notable that corporate investment has risen throughout, so the initial decline in private investment appears to have been in the household component.
... 1994/95 and informal evidence suggests a further increase in 1995/96. Again, it is notable that corporate investment has risen throughout, so the initial decline in private investment appears to have been in the household component.
الصفحة 27
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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