India is the world's largest democracy, and second-largest
developing country. For forty years it has also been one of the
most dirigiste and autarkic. The 1980s saw most developing and
erstwhile communist countries opt for market economic systems.
India belatedly initiated similar reforms in 1991. This book
evaluates the progress of those reforms, covering all of the major
areas of policy; stabilization, taxation and trade, domestic and
external finance, agriculture, industry, the social sectors, and
poverty alleviation. Will India realize its great potential by
freeing itself from the self-imposed constraints that have hindered
its development? This is the important and fascinating question
considered by this book.
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