India's economic reforms; Steps ahead
Material type:
- 330.954 BAJ
Item type | Current library | Call number | Status | Date due | Barcode | Item holds |
---|---|---|---|---|---|---|
![]() |
Gandhi Smriti Library | 330.954 BAJ (Browse shelf(Opens below)) | Available | 81578 |
Browsing Gandhi Smriti Library shelves Close shelf browser (Hides shelf browser)
![]() |
![]() |
![]() |
No cover image available No cover image available | No cover image available No cover image available | No cover image available No cover image available |
![]() |
||
330.954 AGR 1991-92 India : Economic information year book 1991- 92 | 330.954 ALT Alternative economic survey 1994 - 95 | 330.954 ALT 2000 - 2001 Alternative economic survey 2000 - 2001 | 330.954 BAJ India's economic reforms; Steps ahead | 330.954 BEH Indian economy since independence : chronology of events | 330.954 BHA India's economic reforms | 330.954 DAN Indian economy 1947 - 92 |
In this paper we suggest further steps that India needs to take in the process of her economic reforms. While the reform measures undertaken during 1991-96 have led to considerable deregulation and liberalization of the Indian economy, a lot still remains on India's unfinished reform agenda. The experience of East Asian countries along with that of China is taken into account in suggesting relevant lessons for the future course of India's economic reforms. Among other things, we highlight the need for much greater openness of the economy, deregulation of the private sector, exit policy, and reform of the labor and land laws. Besides, in our view, the government needs to focus its attention to and provide larger resources for primary health and primary education. The main quantitative conclusion is that India can expect per capita economic growth of a mere 3.5 percent per year under current policies, but could raise the overall per capita growth rate to as much as 7 percent per year under extensive market reforms that delivered a national saving rate and efficient market institutions similar to those of East Asia.
There are no comments on this title.