The Future Of Indian Economy: Past Reforms And Challenges Ahead

By Yashwant Sinha , Vinay K. Srivastava

The Future Of Indian Economy: Past Reforms And Challenges Ahead

By Yashwant Sinha , Vinay K. Srivastava

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Specifications

Print Length

376 pages

Language

English

Publisher

Rupa Publications Co.

Publication date

1 January 2017

ISBN

9788129148063

Weight

1.32 pound

Description

In 1991, when India faced a major economic crisis, the government asked the International Monetary Fund for a bailout loan. To prevent a repeat, the government introduced reforms in the economy in accordance with the international trend of privatization and globalization. This was a milestone as it changed Indian markets and the financial sector in the country. Foreign direct investment was encouraged, public monopolies were restricted and service and tertiary sectors were developed. Since then, all sectors of the economy have changed their approach and strategies.The economic reforms have completed twenty-five years and this book debates on the achievements and failures of this policy. It draws upon the research insights and opinions of academicians, scholars and practicing managers who, apart from the analysis, also offer their views on the corrective measures needed.


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