India's Economic Reforms, 1991-2001
India 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 economy systems. India belatedly initiated similar reforms in 1991. This book evaluates the progress of these reforms, covering all 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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طبعات أخرى - عرض جميع المقتطفات
40 per cent achieved agricultural assets BIFR borrowing budget capital inflows capital market cent of GDP central Centre cereals companies company law competition corporate cost countries CPSEs crores current account deficit debt deposit deregulation DFIs directed credit domestic economic effective efficiency employment equity estimates exchange rate excise exemptions expenditure exports farmers favour firms fiscal adjustment fiscal deficit food subsidies funds Government of India growth important improvement income increase Indian banking indirect taxation inflation inflation tax infrastructure inputs institutions issue labour lending liberalization loans losses macroeconomic monetary monopoly NFPS NIPFP output ownership poor portfolio poverty primary deficit private sector problem production profitability programme promoters protection public sector real interest rates reasons reduced redundancy reform regulation reserves restrictions result revenue rise rural schemes seignorage social stabilization structure target tariff taxation trade wages World Bank