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The economic reform initiated in 1991 by the central government has started a debate regarding the globalization and its impact on the regional inequalities in India. Some of the economist opinion is that it has a favourable impact and some argue that the factors such as poverty, income inequality and regional disparities have not been affected by globalization. The present book analyzes the impact of globalization on regional developments and income ...
The fiscal adjustment underway in India since 1991 has not eliminated the spectre of insolvency. The fiscal correction so far has been inadequate to correct for the profligacy of the1980s. Though the overall public sector financial and primary deficits as ratio to GDP have declined from their peak in 1990-91. There is need of credible measures to reduce public expenditure and/or raise government revenues to reverse the rise of gross fiscal deficit. The present ...