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 xiii
Note on GDP Figures Where we refer to changes or growth, GDP is measured at factor costs. Where we express monetary magnitudes as percentages of GDP, it is measured at market prices. This page intentionally left blank 1 Introduction The ...
Note on GDP Figures Where we refer to changes or growth, GDP is measured at factor costs. Where we express monetary magnitudes as percentages of GDP, it is measured at market prices. This page intentionally left blank 1 Introduction The ...
Page 9
Growth slowed down as real returns were reduced. In the 1980s both South Korea and Taiwan gave up the policy of selective promotion. We believe this is also true of Japan. 6 In the case of Hong Kong there never was any protection, ...
Growth slowed down as real returns were reduced. In the 1980s both South Korea and Taiwan gave up the policy of selective promotion. We believe this is also true of Japan. 6 In the case of Hong Kong there never was any protection, ...
Page 15
GDP growth rose from the long-standing rate of 3.6 per cent per annum (1965–80) to 5.5 per cent (1980–90). Some of the growth was unsustainable, being the direct result of the fiscal deficits; but part of it was the product of desirable ...
GDP growth rose from the long-standing rate of 3.6 per cent per annum (1965–80) to 5.5 per cent (1980–90). Some of the growth was unsustainable, being the direct result of the fiscal deficits; but part of it was the product of desirable ...
Page 16
It was also an objective to minimize the adverse impact of stabilization on real income and output, and to place the economy on a high-growth path as rapidly as possible. In 1991/92, fiscal retrenchment and a credit squeeze were ...
It was also an objective to minimize the adverse impact of stabilization on real income and output, and to place the economy on a high-growth path as rapidly as possible. In 1991/92, fiscal retrenchment and a credit squeeze were ...
Page 17
... Economic Survey 1995/96. Centre for Monitoring the Indian Economy (1995), Monthly Review of the Indian Economy. a b 10 11 1992/93 and 1993/94 (average growth of 3 per STABILIZATION POLICY 17.
... Economic Survey 1995/96. Centre for Monitoring the Indian Economy (1995), Monthly Review of the Indian Economy. a b 10 11 1992/93 and 1993/94 (average growth of 3 per STABILIZATION POLICY 17.
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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 |