India's Economic Reforms
نویسنده
چکیده
The past three years have seen major changes in India's economic policies marking a new phase in India's development strategy. The broad thrust of the new policies is not very different from the changes being implemented in other developing countries and also all over the erstwhile socialist world. They aim at reducing the extent of Government controls over various aspects of the domestic economy, increasing the role of the private sector, redirecting scarce public sector resources to areas where the private sector is unlikely to enter, and opening up the economy to trade and foreign investment.
منابع مشابه
India's Economic Reforms an Appraisal
India's economic reforms began in 1991 when a newly elected Congress government, facing an exceptionally severe balance-of-payments crisis, embarked on a programme of shortterm stabilization combined with a longer-term programme of comprehensive structural reforms. Rethinking on economic policy had begun earlier in the mid-1980s by which time the limitations of a development strategy based on i...
متن کاملEconomic Growth Center
I evaluate India's transition from an inward-oriented development strategy to greater participation in the world economy. While tariff rates have decreased significantly over the past decade, India is still one of the more autarkic countries. Despite improvement over the past in export performance, India continues to lag behind its Southand East Asian neighbors. Second, official debt flows have...
متن کاملCOMMENT & ANALYSIS: India's false alarms: PERSONAL VIEW PADMA DESAI: The BJP's recent electoral victory has raised worries abo
Does the BJP's campaign slogan of swadeshi ("cultural nationalism") mean that India's economic reforms, based on progressive insertion into the global system, will be halted or even reversed? Will the BJP's Hindu activists turn out to be a hard core driving antiMoslem agendas, or be reduced to a lunatic fringe in policymaking? Will India become openly nuclear? Is the fragile 20party coalition h...
متن کاملGovernance and Reform in India
This paper reviews the background, rationale, and prospects for India's recent reforms in the structures of local government. It begins by commenting on some dimensions of governance, and why it is useful to focus on decentralization, especially in the current Indian context. Then some of the theoretical arguments on federalism as an important mechanism for decentralization, as well as India's ...
متن کاملIndia's Federal Institutions and Economic Reform*
This article examines the nature of India’s federal system, and recent and potential reforms in its structure and working. We summarize key federal institutions in India, focusing particularly on the mechanisms for Center-state transfers. These transfers are large, and are the major explicit method for dealing with inequalities across constituent units of the federation. We examine the evidence...
متن کامل