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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Results 1-5 of 43
Page v
... Inflation 2.6 Balance of Payments Management 2.7 Conclusion 3.Fiscal Policy and Trade Policy 3.1 Introduction 3.2 The Reform of Trade Controls 3.3 The Reform of Tariffs and Protection 3.4 The Fiscal Deficits 3.5 The Fiscal Aspect of ...
... Inflation 2.6 Balance of Payments Management 2.7 Conclusion 3.Fiscal Policy and Trade Policy 3.1 Introduction 3.2 The Reform of Trade Controls 3.3 The Reform of Tariffs and Protection 3.4 The Fiscal Deficits 3.5 The Fiscal Aspect of ...
Page 1
... Inflation was running at an annual rate of 13 per cent and an inflow of foreign currency from non-resident Indians had been reversed. The crisis had been simmering since the mid-1980s, with governments relying on unsustainable levels of ...
... Inflation was running at an annual rate of 13 per cent and an inflow of foreign currency from non-resident Indians had been reversed. The crisis had been simmering since the mid-1980s, with governments relying on unsustainable levels of ...
Page 3
... inflation is too high, and the fiscal deficit is still too large to be sustainable in the long run. On the structural adjustment front, the derestriction of domestic production and investment has gone a long way. Foreign trade has been ...
... inflation is too high, and the fiscal deficit is still too large to be sustainable in the long run. On the structural adjustment front, the derestriction of domestic production and investment has gone a long way. Foreign trade has been ...
Page 10
... inflation remains somewhat higher than is desirable. But public sector deficits absorb too much of the savings urgently needed for private investment, and imply levels of borrowing that are unsustainable in the long run. In Chapter 3 ...
... inflation remains somewhat higher than is desirable. But public sector deficits absorb too much of the savings urgently needed for private investment, and imply levels of borrowing that are unsustainable in the long run. In Chapter 3 ...
Page 13
... inflation and unsustainable fiscal and current account deficits. Per contra, stabilization involves returning to low and stable inflation and a sustainable fiscal and current account position. Stabilization is obviously necessary in ...
... inflation and unsustainable fiscal and current account deficits. Per contra, stabilization involves returning to low and stable inflation and a sustainable fiscal and current account position. Stabilization is obviously necessary in ...
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