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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Page v
... Central Subsidies 3.9 Other Current Expenditures (Centre and States) 3.10 The Reform of Agricultural Incentives 3.11 Centre and State Indirect Taxation, and VAT Possibilities 3.12 Conclusions Appendix 63 63 66 70 78 79 80 82 84 87 88 92 ...
... Central Subsidies 3.9 Other Current Expenditures (Centre and States) 3.10 The Reform of Agricultural Incentives 3.11 Centre and State Indirect Taxation, and VAT Possibilities 3.12 Conclusions Appendix 63 63 66 70 78 79 80 82 84 87 88 92 ...
Page xi
... central public sector enterprise cash reserve ratio central sales tax Development Finance Institution Department of Telecommunications Employment Assurance Scheme Export Promotion Capital Goods Schemes Food Corporation of India Foreign ...
... central public sector enterprise cash reserve ratio central sales tax Development Finance Institution Department of Telecommunications Employment Assurance Scheme Export Promotion Capital Goods Schemes Food Corporation of India Foreign ...
Page 3
... central government dares not contemplate. Too much is also spent on administration, especially now that the functions of administrators have been extensively curtailed. While very large savings could be made, an increase in other ...
... central government dares not contemplate. Too much is also spent on administration, especially now that the functions of administrators have been extensively curtailed. While very large savings could be made, an increase in other ...
Page 15
... central government which had averaged about 4.5 per cent of GDP in the second half of the 1970s crept up to 8.5 per cent of GDP by 1985/86 and stayed at that level thereafter. Similar increases occurred in the deficits of the ...
... central government which had averaged about 4.5 per cent of GDP in the second half of the 1970s crept up to 8.5 per cent of GDP by 1985/86 and stayed at that level thereafter. Similar increases occurred in the deficits of the ...
Page 20
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Contents
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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India's Economic Reforms, 1991-2001 Joshi Vijay,Vijay Joshi,Ian Malcolm David Little Limited preview - 1996 |
Common terms and phrases
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