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 8
... to regulate a private monopoly than it is to manage a public monopoly, to serve the public interest tolerably well. ... a competitive exchange rate (or, when it threatened to become over-valued, providing compensating incentives).
... to regulate a private monopoly than it is to manage a public monopoly, to serve the public interest tolerably well. ... a competitive exchange rate (or, when it threatened to become over-valued, providing compensating incentives).
Page 11
the banks by government, and directed credit at subsidized interest rates, had left many banks effectively bankrupt and incapable of properly fulfilling the main functions of a banking system. They were rescued by a massive infusion of ...
the banks by government, and directed credit at subsidized interest rates, had left many banks effectively bankrupt and incapable of properly fulfilling the main functions of a banking system. They were rescued by a massive infusion of ...
Page 15
The real exchange rate was allowed to appreciate by 15 per cent from 1979 to 1981 and remained at that level for the ... But by then the export boom was insufficient to outweigh the combination of rising interest payments on external ...
The real exchange rate was allowed to appreciate by 15 per cent from 1979 to 1981 and remained at that level for the ... But by then the export boom was insufficient to outweigh the combination of rising interest payments on external ...
Page 18
12 In 1995/96, there has been a pronounced increase in real interest rates. ... A breakdown is given in Government of India, C.S.O. (1995) National Accounts Statistics and C.S.O. (1996) Quick Estimates of National Income 1994 /95.
12 In 1995/96, there has been a pronounced increase in real interest rates. ... A breakdown is given in Government of India, C.S.O. (1995) National Accounts Statistics and C.S.O. (1996) Quick Estimates of National Income 1994 /95.
Page 21
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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 |