India's Economic Reforms, 1991-2001

India's Economic Reforms, 1991-2001

India's Economic Reforms, 1991-2001

India's Economic Reforms, 1991-2001

Synopsis

Two distinguished specialists on the Indian economy discuss the major economic reform process initiated in 1991, which is far from complete. They assess what has been achieved and evaluate the likelihood of India realizing its great potential by freeing itself from self-imposed constraints.

Excerpt

This book was mostly written between August and December 1995. Events of 1996 have been almost wholly ignored. The main exception is that figures given in the 1996/97 budget papers have been used in the sections concerned with stabilization and the fiscal deficits. The book went to press before the results of the national elections of 1996 were known.

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