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 v
... 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 Tariffs 3.6 Direct Taxes 3.7 ...
... 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 Tariffs 3.6 Direct Taxes 3.7 ...
Page 4
... payments. But reform slowed down, and the great areas of neglect remain untouched. Apart from gradualness a number of political economy features of the Indian reform process to date were pointed out. There was no strategy, no clear ...
... payments. But reform slowed down, and the great areas of neglect remain untouched. Apart from gradualness a number of political economy features of the Indian reform process to date were pointed out. There was no strategy, no clear ...
Page 15
... payments on external debt and the rapid growth of imports induced by fiscal deterioration. While exchange rate policy must take part of the blame for the lack of current account adjustment and the heavy accumulation of foreign debt, the ...
... payments on external debt and the rapid growth of imports induced by fiscal deterioration. While exchange rate policy must take part of the blame for the lack of current account adjustment and the heavy accumulation of foreign debt, the ...
Page 16
... payments position, and reduce the fiscal deficit. 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 ...
... payments position, and reduce the fiscal deficit. 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 ...
Page 19
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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 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