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. |
From inside the book
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Page 3
India now has adequate reserves and is credit-worthy, while production is expanding at a satisfactory rate. But inflation is too high, and the fiscal deficit is still too large to be sustainable in the long run.
India now has adequate reserves and is credit-worthy, while production is expanding at a satisfactory rate. But inflation is too high, and the fiscal deficit is still too large to be sustainable in the long run.
Page 6
From this point of view the question is when the state should intervene to regulate or promote private activities, and when it should produce things itself. There are wide areas of agreement, albeit with controversial fringes everywhere ...
From this point of view the question is when the state should intervene to regulate or promote private activities, and when it should produce things itself. There are wide areas of agreement, albeit with controversial fringes everywhere ...
Page 7
Moving to still more controversial areas we ask in what circumstances, if any, the state should produce commodities or ... For public production to be advisable, a strong case would need to be made that private production would be ...
Moving to still more controversial areas we ask in what circumstances, if any, the state should produce commodities or ... For public production to be advisable, a strong case would need to be made that private production would be ...
Page 14
Remarkably, there was hardly any current account adjustment for the rest of the decade despite favourable developments such as a softening of oil prices and rising domestic oil production. The current account deficit averaged 25 per ...
Remarkably, there was hardly any current account adjustment for the rest of the decade despite favourable developments such as a softening of oil prices and rising domestic oil production. The current account deficit averaged 25 per ...
Page 16
Agricultural production was satisfactory throughout, helped by the run of good weather (and perhaps by its improving profitability following the reform measures). Manufacturing output was sluggish in 9 In the event, money supply grew ...
Agricultural production was satisfactory throughout, helped by the run of good weather (and perhaps by its improving profitability following the reform measures). Manufacturing output was sluggish in 9 In the event, money supply grew ...
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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 |