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In India, the economic reforms programme got underway when the Government announced a new industrial policy in the Indian Parliament on July 24, 1991. However, even after ten years into economic reforms, rigid markets are persisting as constraints to growth. The intense competition brought about by the lowering of tariffs makes it necessary for business and industry to adjust to now realities if they want to survive. Moreover, unemployment is a major issue in the ...
The centre-state economic relations have assumed special significance in the context of the states asking for greater decentralization of powers to manage their economies. The economic reforms programme, emergence of strong regional parties, the governance through political coalitions, and the constitutional amendments to empower the local bodies, have state relations. The resources are short and the pattern of expenditure of the centre and the states is such ...
The economic reforms programme initiated in 1991, while welcomed by many, has also evoked apprehensions in the minds of the people. All political parties seem to have accepted the need for reforms, though differences persist as regards their spread and mode of implementation. There is a broad consensus that unless the gains of liberalisation and openness are widespread, their acceptability by the general public will be greatly reduced. This book contains views of ...