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 xi
... insurance, and freight consumer price index central public sector enterprise cash reserve ratio central sales tax Development Finance Institution Department of Telecommunications Employment Assurance Scheme Export Promotion Capital ...
... insurance, and freight consumer price index central public sector enterprise cash reserve ratio central sales tax Development Finance Institution Department of Telecommunications Employment Assurance Scheme Export Promotion Capital ...
Page 8
We believe in and advocate an absence of import and export controls, and a low uniform tariff. Having regard to strong arguments in ... It is recognized that this results in a pattern of industrialization that is biased against exports, ...
We believe in and advocate an absence of import and export controls, and a low uniform tariff. Having regard to strong arguments in ... It is recognized that this results in a pattern of industrialization that is biased against exports, ...
Page 9
industrial leaders to export and honoured them for it. The export incentives were predominately general and nonselective. The result was an explosion of exports of labour intensive products from 1963–73. The prime example and period of ...
industrial leaders to export and honoured them for it. The export incentives were predominately general and nonselective. The result was an explosion of exports of labour intensive products from 1963–73. The prime example and period of ...
Page 14
This exogenous shock changed India's current account position from near balance in 1978 to a deficit of 2 per cent of GDP (30 per cent of exports) in 1981. Remarkably, there was hardly any current account adjustment for the rest of the ...
This exogenous shock changed India's current account position from near balance in 1978 to a deficit of 2 per cent of GDP (30 per cent of exports) in 1981. Remarkably, there was hardly any current account adjustment for the rest of the ...
Page 15
Exports revived strongly in response and grew in real terms at 10 per cent per annum between 1986 and 1990. But by then the export boom was insufficient to outweigh the combination of rising interest payments on external debt and the ...
Exports revived strongly in response and grew in real terms at 10 per cent per annum between 1986 and 1990. But by then the export boom was insufficient to outweigh the combination of rising interest payments on external debt and the ...
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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 |
Other editions - View all
India's Economic Reforms, 1991-2001 Joshi Vijay,Vijay Joshi,Ian Malcolm David Little,Little I M D Limited preview - 1996 |
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
Bibliographic information
| Title | India's Economic Reforms, 1991-2001 |
| Authors | Vijay Joshi, I. M. D Little |
| Publisher | Clarendon Press, 1996 |
| ISBN | 0191521833, 9780191521836 |
| Length | 298 pages |
| Subjects | › › Business & Economics / Development / Economic Development Political Science / Public Policy / Economic Policy |
| Export Citation | BiBTeX EndNote RefMan |