India's economic policy reforms: a review

India embarked on economic reforms in July 1991, in the wake of a balance of payments crisis. In this article, an attempt is made to review two books and a set of World Bank reports concerning the progress of these reforms. Issues concerning economic policy, impact of the reforms on poverty, sectora...

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Bibliographic Details
Published in:Journal of economic studies (Bradford) 1999, Vol.26 (3), p.241-257
Main Author: Bhayankaram Anand, Prathivadi
Format: Article
Language:English
Subjects:
Agricultural policy
Agriculture
Development
Economic conditions
Economic development
Economic growth
Economic policy
Economic reform
Economics
Five year plans
Food
Government
India
Interest groups
Planning
Policy
Politics
Prices
Prime ministers
Reform
State government
Studies
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Summary:India embarked on economic reforms in July 1991, in the wake of a balance of payments crisis. In this article, an attempt is made to review two books and a set of World Bank reports concerning the progress of these reforms. Issues concerning economic policy, impact of the reforms on poverty, sectoral issues relating to agriculture, industry and infrastructure are briefly discussed. As reforms enter a more difficult phase, several challenges remain. Some of these fall under the "economic agenda" of measures needed to maintain economic growth; others can be termed the "development agenda" - of improving human development. Progress with regard to the former is not sufficient to produce results concerning the latter.
ISSN:0144-3585
1758-7387
DOI:10.1108/01443589910284417