Economic reforms in India were set in motion, though on a modest scale, when controls on industries were reduced by India's 1985 industrial policy. The economic reforms program got a big boost when the government announced a new industrial policy in the Indian Parliament in July 1991. Since then, it has been liberalization, privatization, and globalization all the way. In the new liberalized industrial and trade environment, the government is progressively assuming the role of a promoter, facilitator, and catalytic agent instead of a regulator and controller of economic activities. The Indian economy has responded well to the economic reforms initiated since 1991. The economy has shown that it is capable of achieving high growth rates in response to the implementation of appropriate economic reform policies. The process of economic reforms in India initiated in 1991 seems irreversible. There is enough evidence that the government is withdrawing, though gradually, as a controller and licenser of private activity and allowing competition and market forces to guide investment decisions. The debate on the dimensions, achievements, and failures of economic reforms is raging in the country. Containing 21 papers authored by scholars in Indian economic policy, this book provides a focus on India's economic reforms.
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Hardcover. Condition: New. Dust Jacket Included. Contents Editor's note on the book. I. Economic reforms globalisation and integration of the Indian economy 1. Economic reforms in India an introspection/B.B. Mansuri Shaukat Haseen and Shahla J. Chandel. 2. Globalisation and economic development/R. Srinivasan. 3. Brand building in rural India/Anand Sengupta and Noopur Agrawal. 4. Indian economy beyond 2007/S.K. Wadekar and More Vitthal Sahadu. 5. Nationalisation to privatisation via liberalisation/Anubha Gupta. 6. Globalization and the Indian economy/Keshav Shyam and B.B. Mansuri. 7. India economic reforms and economic integration/Shaukat Haseen and Dastgir Alam. II. Economic reforms in banking finance and taxation 8. Non performing assets of banks/S.A. Ansari and Shabana Mazhar. 9. Labour productivity of commercial banks in India/Monika Aggarwal. 10. Indian banking sector evolution and recent trends/Subhash Chand. 11. Co operative credit institutions in India/Avinash V. Raikar. 12. Banking sector in India changing dimensions/Avinash V. Raikar. 13. Operating profit and asset quality of Indian commercial banks/Ram Pratap Singh. 14. Credit flow to agriculture sector/Om Prakash and Munni Devi. 15. Income tax reforms an analysis of fringe benefit tax in India/Om Prakash. III. Social and cultural aspects of economic reforms 16. Market process and gender discrimination/Swati Jain. 17. Cultural diversity and rural development/Shaily Verma and Dastgir Alam. 18. Women entrepreneurs in India/Ajeya K. Gupta. IV. Economic reforms and the external sector 19. Foreign direct investment in India/Mahabir Narwal. 20. WTO and textile exports emerging issues/Bipasha Choudhaury and Swati Jain. 21. Foreign direct investment India vs. China/V. Shunmugasundaram and Surya Prakash. Index. Economic reforms in India were set in motion though on a modest scale when controls on industries were reduced by the 1985 industrial policy. The economic reforms programme got a big boost when the Government announced a new industrial policy in the Indian Parliament on July 24 1991. Since then it is liberalisation privatisation and globalisation all the way and the process is underway. In the new liberalised industrial and trade environment the Government is progressively assuming the role of a promoter facilitator and catalytic agent instead of a regulator and controller of economic activities. The Indian economy has responded well to the economic reforms initiated since 1991. The Approach Paper on the Eleventh Five Year Plan (2007 12) released by the Government in November 2006 has indicated 7.2 per cent growth rate during the Tenth Five Year Plan (2002 07). Though this is below the target of 8 per cent it is the highest growth rate achieved in any Plan. The growth rate for the Eleventh Plan has been fixed at 9 per cent. In short the Indian economy is in a much stronger position than it was a few years ago. The economy therefore has shown that it is capable of achieving high growth rates in response to the implementation of appropriate economic reform policies. The process of economic reforms in India seems irreversible. There is enough evidence that Government is withdrawing though gradually as a controller and licenser of private activity and allowing competition and market forces to guide investment decisions. The debate on the dimensions achievements and failures of economic reforms is raging in the country. The present book is designed to contribute to the existing body of literature available on economic reforms. It consists of 21 papers authored by scholars in the area of economic policy of India. This work which is fairly replete with inspiring and enlightening matter will commenced itself to all categories of readers particularly academicians researchers and students of economics commerce and business management. 314 pp. Seller Inventory # 64697
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