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
... Regulation Act foreign institutional investor General Agreement on Tariffs and Trade gross domestic product global depository receipt gross fixed capital formation General Insurance Corporation of India gross national product Government ...
... Regulation Act foreign institutional investor General Agreement on Tariffs and Trade gross domestic product global depository receipt gross fixed capital formation General Insurance Corporation of India gross national product Government ...
Page xiii
... Regulatory Authority of India Tax Reforms Committee Urban Land (Ceiling and Regulation) Act Unit Trust of India value added tax wholesale price index Note on Lakhs and Crores We have used the Indian terms lakh, meaning hundred thousand ...
... Regulatory Authority of India Tax Reforms Committee Urban Land (Ceiling and Regulation) Act Unit Trust of India value added tax wholesale price index Note on Lakhs and Crores We have used the Indian terms lakh, meaning hundred thousand ...
Page 6
... regulate or promote private activities, and when it should produce things itself. There are wide areas of agreement ... regulation or taxation is normally the best solution. Alternatively, private operators may provide, but not enough 5 ...
... regulate or promote private activities, and when it should produce things itself. There are wide areas of agreement ... regulation or taxation is normally the best solution. Alternatively, private operators may provide, but not enough 5 ...
Page 7
... regulation. Why do we say this? There are two reasons. 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 ...
... regulation. Why do we say this? There are two reasons. 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 ...
Page 8
... regulate a private monopoly than it is to manage a public monopoly, to serve the public interest tolerably well. For these reasons we believe that there is a much stronger case for privatization in India than has yet been accepted by ...
... regulate a private monopoly than it is to manage a public monopoly, to serve the public interest tolerably well. For these reasons we believe that there is a much stronger case for privatization in India than has yet been accepted by ...
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 |
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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