The Long Path to Economic Liberalisation

Shanta Acharya

Chapter 1 in Investing in India, 1998, pp 1-27 from Palgrave Macmillan

Abstract: Abstract In July 1991, the government started to liberalise the Indian economy by addressing the structural inefficiencies inherent in the economic environment for investment by focusing on trade and industrial policies, the financial sector, taxation and the public enterprises. India began a structural adjustment programme to bring about supply-side reforms to help improve conditions for investment and employment. This also aimed to enable the capital market to assume an integral role in the allocation of resources in the nation’s development. In less than six years, India has significantly altered its strategy for growth.

Keywords: Foreign Direct Investment; Real Interest Rate; External Debt; Current Account Deficit; Economic Liberalisation (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1057/9780230371071_1

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