This is a book on India’s external trade, a sector that has been completely transformed since the reforms of 1991. Beginning with a sketch of the pre- 1991 scenario, the book outlines the rationale for reforms and describes the various strands of liberalization in the external sector–tariffs, quantitative restrictions, export subsidies, exchange rate and foreign direct investments. The external sector cannot really be delinked from what has been happening in the domestic economy and unilateral reforms cannot be considered except against the backdrop of changes in the international environment. Therefore, the book has essays on competition policy, intellectual property rights, food security and labour market reform. These have been identified as relatively new areas, as enough has been written about issues like trading blocs or the uruguay round. The book should be useful to students, researchers and anyone who is interested in India’s external trade.
ABOUT THE AUTHOR Bibek Debroy
Bibek Debroy is Director of the Rajiv Gandhi Institute for Contemporary Studies (RGICS), Rajive Gandhi Foundation, New Delhi. He is a professional economist and was educated in Presidency College (Calcutta), Delhi School of Economics and Trinity College (Chambridge). He has worked at Presidency College (Calcutta), Gokhale Institute of Politics and Economics (Pune), Indian Institute of Foreign Trade (Delhi), National Council of Applied Economic Research (Delhi) and as consultant, Department of Economic affairs, Ministry of Finance, Government of India. He was also the Director for a project known as LARGE, set up by the Ministry of Finance and UNDP to Consulting Editor with Financial Express. Bibek Debroy's special interests are international trade in particular the WTOI, law reform and the political economy of liberalization in India. He has been listed in many bibliographies and has been a member of several government committees.
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