Understanding Reforms (OIP) Post-1991 India

by Tendulkar, Late Suresh; Bhavani, T.A.

• ISBN13: 9780198085584
• ISBN10: 0198085583
• Format: Paperback
• Copyright: 2012-09-23
• Publisher: Oxford University Press

Summary

This book reviews the background, context, and timing of the economic reforms since July 1991 to showcase the fascinating details on the results achieved in the last twenty years. The authors critically analyse the growth strategy under Nehruvian socialism and the slow growth rate of the Indian economy and, thus, draw attention to the factors that led to reforms. The authors also describe how reforms were sustained in a low-income economy with large diversities and how they successfully survived the emergence of several coalition governments at the Centre as well as the increasing regionalization of Indian politics. This book shows how reforms unleashed India's latent entrepreneurship through increasingly liberalized competitive markets and enabled faster and sustained economic growth. It takes stock of specific reforms initiatives undertaken by the government. This paperback edition includes updates on reforms undertaken in the past five years; a tribute to Suresh D. Tendulkar; and a new preface.

Author Biography

Late Suresh D. Tendulkar taught at the Delhi School of Economics until his retirement in 2004. He was Chairman, National Statistical Commission and Prime Minister's Economic Advisory Council, Government of India.

T.A. Bhavani is Professor of Economics, Institute of Economic Growth, Delhi.

Table of Contents

List of Tables and Figures
Preface to the Paperback Edition
Preface and Acknowledgements
Tribute to Suresh D. Tendulkar
1. Questions in the Post-1991 Reforms Process
2. The Analytical Framework
3. The Development Strategy after Independence
4. The Slow-growth Phase: 1950-1 to 1980-1
5. The Decade of the 1980s
6. The 1991 Reforms: Context and Timing
7. Continuing Reforms in the Era of Coalition Politics
8. The Political Economy of Reforms: Some Individual Initiatives
9. Reforms in Perspective: General Issues for India
An Update on Reforms
Appendix
Bibliography
Index