Understanding Reforms - Post 1991 India

Author: Suresh D TendulkarT A Bhavani/Publisher: Oxford University PressYear: 2007Language: EnglishPages: 206ISBN/UPC (if available): 978-0-19-568711-8 DescriptionUnderstanding Reforms traces the remarkable transformation of India from a slow growing economy to one of the fastest growing in the world. Reviewing the background, context, timing, and persistence of economic reforms since July 1991 it describes in fascinating detail the results achieved in the last fifteen years despite formidable hurdles.Discussing the events that led to a crisis situation in which reforms were initiated, the book describes how they were sustained in a low-income democracy with large diversities; how they successfully survived the emergence of several coalition governments at the Centre and the increasing regionalization of Indian politics. Overcoming the still widely prevalent hold of economic nationalism and Nehruvian socialism, the reforms continued through the last fifteen years despite the reforming