Indian Economic Development and Business: Emerging Issues and Outlook

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The last decade of the 20 century was momentous in the economic history of India as it witnessed a successful transition of India from a controlled, inward looking, and slow growing economy to a liberalised and open economy that has now found a place amongst the fastest growing economies in the world. Responding to the macroeconomic crisis of late 1980s, a programme of liberalisation, privatisation, and globalisation was initiated in July 1991. This programme encompassed wide-ranging reform measures in the areas of industry, public finances, banking and insurance, foreign trade and exchange rate management. The purpose of these economic reforms was two-fold: (a) to restore macroeconomic stability on both domestic and external fronts and (b) to place the economy on a higher growth path through enhanced levels of investment, and improvements in productivity, efficiency and competitiveness. India’s gradual and cautious approach to economic reforms has proved well-founded and the country is placed on a firm footing for future forays into domestic and global economic activities. India is now Asia’s third largest economy and has the world’s fourth largest foreign exchange reserves. The present volume contains scholarly contributions from a cross-section of experts on India’s economic policy and business environment. The wide-ranging topics discussed in the volume provide an insight into the present state of the Indian economy and its future prospects.

ABOUT THE AUTHOR Rakesh Shahani

Rakesh Shahani is a B.Com (Hon.) Master of Business Economic (with Finance Specialisation) and M.Phil (Business Economics) from Delhi University. He is presently working as a Senior Lecturer at B.R. Ambedkar College, Delhi University. He has been teaching finance related papers at undergraduate honours level for the past eight years and at the post graduate level to MBE students for the last six years. He has also been a visiting faculty to the Department of Business Economics, Purvanchal University Jaunpur (U.P) and also for different executive development programmes held at NIESBUD (Government of India). He has also done projects for ICRIER, TERI and IEG. He has around ten research papers and articles to his credit on different finance related topics which have been published in reputed journals.

ABOUT THE AUTHOR Rashmi Agrawal

Rashmi Agrawal is Professor, Department of Business Economics, University of Delhi, South Campus, Benito Juarez Marg, New Delhi.

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Bibliographic information

Title
Indian Economic Development and Business: Emerging Issues and Outlook
Author
Edition
1st. ed.
Publisher
ISBN
8177080806
Length
xxii+295p., Figures; Tables; 23cm.
Subjects