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Indian Economy in the Era of Economic Reform / Dr. D. Amutha

By: Material type: TextLanguage: English Series: Indian Economy in the Era of Economic ReformPublication details: Delhi : Manglam Publications,Edition: 1st edDescription: xii, 381 pISBN:
  • 9789391193331
Uniform titles:
  • Indian Economy in the Era of Economic Reform
Subject(s): DDC classification:
  • 338.954 AMU
Online resources:
Contents:
1. **Pre-Reform Economy (Before 1991)**: * State-controlled, protectionist economy with a focus on public sector dominance. * Slow growth, high inflation, and inefficiencies. 2. **1991 Economic Reforms**: * Triggered by a balance of payments crisis. * Key reforms: liberalization (reducing government control), privatization, globalization (opening trade and foreign investment), and tax reforms. 3. **Impact of Reforms**: * Rapid GDP growth, especially in IT, services, and manufacturing. * Positive: Increased foreign investment, industrial growth, and higher employment in certain sectors. * Negative: Rising inequality, rural neglect, and uneven regional development. 4. **Sectoral Changes**: * **Industry**: Boom in tech and manufacturing, but infrastructure lagged. * **Agriculture**: Slow growth, needs more investment. * **Services**: IT and outsourcing flourished. * **Trade**: Reduced tariffs and expanded global trade. 5. **Challenges**: * Fiscal deficits, unemployment, inflation, and environmental degradation. * Need for more inclusive growth and rural development. 6. **Globalization**: * India’s role grew in global markets, especially in IT, pharma, and services. * Integration into global financial systems, but also exposed to global economic volatility. 7. **Future Prospects**: * Focus on digital economy, entrepreneurship, and sustainable growth. * Demographic dividend and the need for labor market reforms. In short, India’s 1991 reforms transformed the economy, driving growth and global integration but also created challenges .like inequality and regional disparities.
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Cover image Item type Current library Home library Collection Shelving location Call number Materials specified Vol info URL Copy number Status Notes Date due Barcode Item holds Item hold queue priority Course reserves
General Books CUTN Central Library Social Sciences 338.954 AMU (Browse shelf(Opens below)) Available 51374

"India in the Era of Economic Reforms," edited by Jeffrey Sachs, Ashutosh Varshney, and Nirupam Bajpai, which contains essays analyzing the impact of post-1991 reforms on various aspects of the economy and society. Other books with similar titles include "Indian Economy: Before and Since the Reform" by K.N. Prasad, which takes an analytical-empirical approach, and "Indian Economy in the Era of Economic Reform" by Manglam Publications, aimed at students.



1. **Pre-Reform Economy (Before 1991)**:

* State-controlled, protectionist economy with a focus on public sector dominance.
* Slow growth, high inflation, and inefficiencies.

2. **1991 Economic Reforms**:

* Triggered by a balance of payments crisis.
* Key reforms: liberalization (reducing government control), privatization, globalization (opening trade and foreign investment), and tax reforms.

3. **Impact of Reforms**:

* Rapid GDP growth, especially in IT, services, and manufacturing.
* Positive: Increased foreign investment, industrial growth, and higher employment in certain sectors.
* Negative: Rising inequality, rural neglect, and uneven regional development.

4. **Sectoral Changes**:

* **Industry**: Boom in tech and manufacturing, but infrastructure lagged.
* **Agriculture**: Slow growth, needs more investment.
* **Services**: IT and outsourcing flourished.
* **Trade**: Reduced tariffs and expanded global trade.

5. **Challenges**:

* Fiscal deficits, unemployment, inflation, and environmental degradation.
* Need for more inclusive growth and rural development.

6. **Globalization**:

* India’s role grew in global markets, especially in IT, pharma, and services.
* Integration into global financial systems, but also exposed to global economic volatility.

7. **Future Prospects**:

* Focus on digital economy, entrepreneurship, and sustainable growth.
* Demographic dividend and the need for labor market reforms.

In short, India’s 1991 reforms transformed the economy, driving growth and global integration but also created challenges .like inequality and regional disparities.

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