Economic liberalization in India: analytics, experience and lessons

Front Cover
Orient Longman, Jan 1, 1996 - Business & Economics - 72 pages
The object of this essay is to provide an analysis and an assessment of economic liberalization in India. It begins with a discussion of the crisis in the economy which surfaced in 1991. It examines the logic and the assumptions of the strategy adopted by the government in response, and sets out a critique based on economic theory and experience elsewhere. It assesses the impact of stabilization on inflation, balance of payments, output, employment and poverty.

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The response and the strategy
The stabilization experience
Macroeconomics of adjustment

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