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 ix
They include politicians, officials of the Government of India and the Reserve Bank of India, academics, journalists, businessmen, and members of the IMF and World Bank resident missions. But we wish particularly to thank Sudhir Mulji ...
They include politicians, officials of the Government of India and the Reserve Bank of India, academics, journalists, businessmen, and members of the IMF and World Bank resident missions. But we wish particularly to thank Sudhir Mulji ...
Page 2
Although he seems to have quickly lost interest, this helped to put such reform on the political agenda. One way or another the ground was sufficiently prepared to use the crisis as an occasion for embarking on a programme of reform ...
Although he seems to have quickly lost interest, this helped to put such reform on the political agenda. One way or another the ground was sufficiently prepared to use the crisis as an occasion for embarking on a programme of reform ...
Page 3
India cannot 1 See Bardhan (1984) , ch. 8, and Joshi and Little (1994) , ch. 3, for an earlier denunciation of these subsidies and political explanation of their provenance. make a great leap forward with her feet tied by INTRODUCTION ...
India cannot 1 See Bardhan (1984) , ch. 8, and Joshi and Little (1994) , ch. 3, for an earlier denunciation of these subsidies and political explanation of their provenance. make a great leap forward with her feet tied by INTRODUCTION ...
Page 4
Political explanation is required. More than two years ago, in June 1993, a conference on the reforms that had started just two years earlier was held at Merton College, Oxford. Our description of what has been achieved in four years is ...
Political explanation is required. More than two years ago, in June 1993, a conference on the reforms that had started just two years earlier was held at Merton College, Oxford. Our description of what has been achieved in four years is ...
Page 7
First, there is by now evidence not only from India but also from most other countries that the bureaucratic and political regulation of publicly owned enterprises results in an inefficient use of resources. It has proved impossible to ...
First, there is by now evidence not only from India but also from most other countries that the bureaucratic and political regulation of publicly owned enterprises results in an inefficient use of resources. It has proved impossible to ...
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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 |