Analysis of India's Reforms: A CGE Modelling Exercise

Rajesh Chadha (), Sanjib Pohit (), Alan Deardorff and Robert Stern

No 65, NCAER Working Papers from National Council of Applied Economic Research

Abstract: The process of major economic reforms undertaken in the Indian economy has completed nearly five years of implementation. The economy has entered into a new phase of development directed towards becoming globally competitive through the opening of trade, foreign investment, and technology inflows. The unilateral reform measures in the industrial and the trade policies of India along with reforms in the tax-regime represent a significant departure from the policy framework of the past four decades and are important to the future course of the Indian economy. The basic objective of this working paper is to evaluate the comparative static effects of selected trade and domestic policy reforms on trade, output, domestic prices, economic welfare and intersectoral allocation of resources. The major reforms analyzed in this study relate to reduction in tariff and non-tariff barriers to trade along with rationalization of the tax-regime. A computable general equilibrium (CGE) model of the Indian economy has been constructed for the purpose of analysis.

Keywords: Economic; Policy (search for similar items in EconPapers)
Pages: 67 pages
Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ncaer.org/publication/analysis-of-indi ... e-modelling-exercise First version, 1997 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nca:ncaerw:65

Access Statistics for this paper

More papers in NCAER Working Papers from National Council of Applied Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by B Ramesh ().