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
... India Indian Banks Association International Bank for Reconstruction and Development Industrial Credit and Investment Corporation of India International Development Association IDA Industrial Disputes Act IDBI Industrial Development ...
... India Indian Banks Association International Bank for Reconstruction and Development Industrial Credit and Investment Corporation of India International Development Association IDA Industrial Disputes Act IDBI Industrial Development ...
Page 3
On the structural adjustment front, the derestriction of domestic production and investment has gone a long way. Foreign trade has been extensively decontrolled, but by no means completely. Tariffs have been greatly reduced, ...
On the structural adjustment front, the derestriction of domestic production and investment has gone a long way. Foreign trade has been extensively decontrolled, but by no means completely. Tariffs have been greatly reduced, ...
Page 9
Until then, controls are justifiable in the case of investments made to supply mainly the domestic market. This is because in a highly ... Portfolio investment in equities or bonds is another matter. There is probably no long-run ...
Until then, controls are justifiable in the case of investments made to supply mainly the domestic market. This is because in a highly ... Portfolio investment in equities or bonds is another matter. There is probably no long-run ...
Page 10
... needed for private investment, and imply levels of borrowing that are unsustainable in the long run. In Chapter 3 the reduction of foreign trade controls and tariffs is described. Tariff reform has revenue consequences.
... needed for private investment, and imply levels of borrowing that are unsustainable in the long run. In Chapter 3 the reduction of foreign trade controls and tariffs is described. Tariff reform has revenue consequences.
Page 11
Policies towards foreign investment and small-scale enterprises are discussed. Apart from public ownership, piecemeal and uncoordinated policies over the years towards the employment of capital, land and labour, pursued with good intent ...
Policies towards foreign investment and small-scale enterprises are discussed. Apart from public ownership, piecemeal and uncoordinated policies over the years towards the employment of capital, land and labour, pursued with good intent ...
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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 |