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An important feature of the recent process of structural transformation in developing countries has been that the informal sector has remained an important element of manufacturing activity. In spite of rapid rates of economic growth since the 1991 reforms, the informal sector has been a persistent phenomenon in India, leading to significant policy concerns on the lack of inclusivity of economic growth. This book assesses how informal manufacturing firms have ...
This is one of the first books to provide a comprehensive analysis of the determinants of saving and investment in India. It examines the role of financial factors in economic development. The Analysis provides a detailed account of the underlying growth process and related social, political and institutional aspects. Combining quantitative methods with qualitative analysis, this work examines: Economic policies prevailing in India since independence; The ...
At the core of the reforms programme initiated by the Indian Government in 1991 was the deregulation of the financial sector, perhaps the most controversial and difficult aspect of structural adjustment in developing countries. This book analyses the process of liberalization in the financial sector, with a detailed examination of the changes in each segment (banks and development finance institutions) and market (money, credit and capital) and hypothesizes ...