India's Economic Reforms, 1991-2001

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Clarendon Press, 1996 - Business & Economics - 282 pages
India 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 economy systems. India belatedly initiated similar reforms in 1991. This book evaluates the progress of these reforms, covering all 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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Contents

Preface
5
Note on lakhs and crores
5
Stabilization Policy
13
Fiscal Policy and Trade Policy
63
Financial Sector Reform
109
Industrial Policy and Factor Markets
171
The Social Sectors Poverty and Reform
219
Summary and Afterthoughts
247
Bibliography
267
Index
277
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