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World economy is fast aheading towards globalisation bringing under its fold more and more countries. India could be a silent spectator to these developments. The decade 1991-2000 has been a crucial one whereby the licence permit raj era stands dismantled giving place to laisez faire economy. Today, New Economic Policy (NEP), liberalisation, restructuring of the financial sector and the reforms thereto have opened new vistas of development. Political parties of ...
New Era in Indian Economy deals with mega economic policy highlights starting with Foreign Exchange Management Act and the strong dollor inflows. The trend in rupee appreciation that started in June 2002 has continued with the rupee now trading at Rs. 46.90 key reasons for this are the weakness in the dollor and strong dollor in flows (forex reserves are now at U.S. $82 billion). First six chapters are devoted to Foreign Exchange, Banking, Export Finance and ...