Indias Economic Reforms 1991 2001

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 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.

Focusing on the economic reforms introduced after the financial crisis of 1991, this is a follow-up study to an earlier work tracing India's economy up to 1991. The authors examine the different areas of the economy and outline the successes and effects of reform measures.

Introduction -- Stabilization policy -- Fiscal policy and trade policy -- Financial sector reform -- Industrial policy and factor markets -- The social sectors, poverty, and reform -- Summary and afterthoughts.

Since 1991, the Indian economy has been exposed to economic liberalization and globalization in line with structural adjustment and stabilisation policies initiated by IMF and World Bank. This analysis outlines the controversial shift in Indian economic policy from State-oriented development strategy to market-oriented development that leaves decisions of production and distribution to be made by the market.

The Indian Economy Since 1991: Economic Reforms and Performance is the outcome of a collaborative effort by 28 experts who have made significant contributions in research toward the Indian economy. Using a data-based, analytical approach to key economic issues and problems, coupled with extensive coverage and a critical and in-depth analysis of the developments in all major sub-sectors of the Indian economy, this edited volume examines the impact of the reforms on various fronts such as economic performance, employment, unemployment, planning process, financial and fiscal sectors, external sector, agriculture, industry, infrastructure, health, education, poverty and federal finance since 1991.

This book takes issue with existing theories of the relationship between democracy and economic liberalisation.

Papers presented at the 83rd Annual Conference of Indian Economic Association held at Jammu during December 30, 2000 to January 1, 2001.

The book comprises eight lectures delivered by T.N. Srinivasan at ISEC Bangalore in 1998. The short lectures succinctly describe the reform process since the early 1990s, covering the famework and process of reform in each sector of the economy.

Indian Economy: Before And Since The Reform Comprises Four Parts: Part One Discusses The Economic Reform Of 1991. Part Two First Delineates How Countries Choose Between Alternative Economic Organisations In The Light Of Economic Ideas As We Have Evolved And Then Extends The Main Conclusions To The Indian Context Before The Reform. Part Three Examines The Working Of The Indian Economy From The Aggregative And Sub-Aggregative Points Of View Since The Reforms. Part Four First Attempts A Critical Stock-Taking Of The Reforms With Reference To The First Generation As Well As The Second Generation Policies And Measures, Then Tries To Evaluate Their Impact, And Finally Asks The Question: What Has Become Of The Reform Process And Its Impact On The Economy?In Its General Lay-Out This Book Has Been Inspired By Gunnar Myrdal S Famous Work Asian Drama.It Is Meant To Be A Standard Reference Book Which Would Be Of Use To A Wide Range Of Readership. It Is An Analytical-Cum-Empirical Research Study. The Facts And Arguments Are Illustrated With Requisite Data Throughout The Book. It Seeks To Provoke The Reader Into Adopting A Critical And Creative Aptitude And A Taste For Independence Of Thought As Far As The Subject Matter Of This Book Is Concerned So That The Issues Facing The Country Are Reflected Upon And Sorted Out Effectively.The Topics Covered In The Book Are Parts Of The Curricula Taught In Colleges And University Departments. Those Taking Competitive Tests Would Also Benefit From It. Besides, To Benefit From It Would Be The Common Readers. The Book Is Written In A Very Simple And Lucid Manner By An Author Who Has To His Credit Publication Of Several Works On Economics During 1952-2001 And Experience As A University Teacher And Research Guide For Over Four Decades.