Faced with rising inflation and a balance of payment crisis in mid-1991, India's new Government introduced a fairly comprehensive, policy reform package - with currency devaluation as its focus. An abrupt drying up of inward payments and the west Asian markets because of the Gulf war, and ...
Did Jagdish Bhagwati “originate”, “pioneer”, “intellectually father” India’s 1991 economic reform? Did Manmohan Singh? Or did I, through my encounter with Rajiv Gandhi, just as Siddhartha Shankar Ray told Manmohan & his aides in Sep 1993 in Washington? Judge the evidence for yourself. ...
Did Jagdish Bhagwati “originate”, “pioneer”, “intellectually father” India’s 1991 economic reform? Did Manmohan Singh? Or did I, through my encounter with Rajiv Gandhi, just as Siddhartha Shankar Ray told Manmohan & his aides in Sep 1993 in Washington? Judge the evidence for yourself. ...
With the advent of economic reform in 1991, India witnessed an exponential growth in the economy. To keep pace with the economic development, GoI initiated setting up of power-sector reform policy and institutional framework as well, to enhance the installed capacity and bring efficiency in entitie...
India is a young country with an aging economy and in order to benefit from the economic reform, it has to ensure a balance between the market economy and the interests of Indian labour as a whole and develop and apply a set of regulations within which the market economy can work. 展开 ...
ECONOMIC reformINDIAAn introduction is presented in which the editor discusses articles in the issue on topics including the contribution of federalism to consolidating the multi-ethnic democracy of India, the impact of market transition on the internal workings of Indian federalism, and economic ...
The party since 1991 In contrast to the party’s historical socialist policies, Rao embraced economic liberalization. By 1996 the party’s image was suffering from various reports of corruption, and in elections that year theCongressParty was reduced to 140 seats, its lowest number in theLok Sab...
The major economic reform known as Liberalization, Globalization and Privatization (LPG) aimed to make Indian economy a globally competitive and faster growing economy. Globalization has a tremendous impact on the overall economic development of almost all the sectors of the economy. This paper mainly...
During its first several decades, the Congress Party passed fairly moderate reform resolutions, though many within the organization were becoming radicalized by the increased poverty that accompanied British imperialism. In the early 20th century, elements within the party began to endorse a policy of ...
One of the principal elements of the economic reforms program initiated in 1991 was to reduce the fiscal deficit of the central government which, at that time, faced a solvency crisis. This reduction was at least partially achieved by reducing transfers to state governments. As a result, state...