Trade Liberalization and Industrial Productivity in India

by Asis Kumar Senapati, Kirtti Ranjan Paltasingh

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Beginning in the early 1990s, India started liberalizing its economy in general, and its industrial sector in particular. One of the objectives of liberalization was to make India's industries more efficient, productive, and competitive in the global market. Toward this end, the government of India pursued three sets of reforms: (a) disbanding the complex network of industrial licensing, industrial controls, and permit system; (b) liberalizing foreign trade and currency transactions; and (c) initiating steps to encourage foreign investment inflows, preferably foreign direct investment. This book examines the impact of trade liberalization policy on the growth and productivity of manufacturing sector.

ABOUT THE AUTHOR Asis Kumar Senapati

Asis Kumar Senapati is a UGC-Junior Research Fellow at University of Hyderabad. He is a gold medalist in M.A. (Analytical and Applied Economics) from Utkal University. He obtained his M.Phil. (Industrial Economics) from Pondicherry University.

ABOUT THE AUTHOR Kirtti Ranjan Paltasingh

Kirtti Ranjan Paltasingh is an ICSSR Fellow at University of Hyderabad and Institute of Public Enterprise (IPE), Hyderabad. He earned his M.A. (Analytical and Applied Economics) from Utkal University and then M.Phil (Economics) from University of Hyderabad. He worked as a Research Fellow at the Indian Institute of Foreign Trade (IIFT), New Delhi. He has attended and presented research papers at a number of international and national conferences.