India's Economic Transition: The Politics of Reforms
India's Economic Transition examines the reforms and their impact on the political economy of India. The introduction to the volume analyzes the politics that shaped economic policy during three broad phases--from independence to 1968, between 1969 and 1974, and the period after 1975--leading to the balance of payment crisis of 1991.
The book addresses such questions as: What were the economic reforms undertaken after 1991? Why did they occur and how were they sustained? What was the impact of economic reforms on India's political economy? In addition, it includes significant features of the post-reform political economy like the growing importance of Indian federalism; a new politics of regulation governing markets in areas such as telecommunications, power, and stock exchanges; industrial lobbying; trade union activism; and the curious mix of benefits and costs associated with the rise of India's IT sector.
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The Indian Economy underStructural Adjustment
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agricultural Andhra Pradesh badla Bangalore Bank's billion Bombay Bombay Stock Exchange brokers budget capital central government Centre chief minister coalition Commission committee companies competition Congress Party crisis decline Delhi domestic economic policy economic reforms electricity exports favour federal finance minister fiscal deficit Gandhi global Government of India growth implementation important increase Indian business Indian economy infrastructure institutions Interview investment investors Kampani Karnataka labour lending liberalization licensing loans Maharashtra market microstructure ment Ministry of Finance MTNL Mumbai NASSCOM officials Orissa Oxford University Press payments Planning policy reform Political Economy Political Weekly power sector private sector production programme public sector Rajiv Rajiv Gandhi reduced regime regulator regulatory rent-seeking revenue role rolling settlement SEBI share Singh software industry Stock Exchange strategy sub-national subsidies tariffs telecom telecommunications tion trade union workers World Bank