India got independence in the year 1947. It inherited an economy, which was in very bad shape at this time. British rulers had exploited the Indian economy both as a source of raw materials and as a captive market for machine-made British goods. Also, no systematic effort was made by the British to develop the Indian economy. In fact, the British rule reduced the economy of India to the status of an under-developed country. After independence, Indian planners took planned measures to transform the economy from the state of under-development to the state of a developing economy. In the process, the economy also moved from a socialistic to a capitalistic economy, particularly after 1991 economic reforms. Joining the World Trade Organisation (WTO) in 1995, India moved further on the path to economic liberalization and globalization. The present book is an attempt at focusing attention on this transformation since 1947 and particularly since 1951, the year planning was initiated.
ABOUT THE AUTHOR P.P. Deshpande
Dr. Prashant Deshpande, teaching Business Economics at U,G. and P.G. levels in the S.N.D.T Women’s University, Mumbai is a Gold Medalist in Economics from the RTM Nagpur University. After his post- graduation in 1976, he served in Government of India, New Delhi for 8 years, from 1976 to 1984. He joined S.N. D.T. Women’s University in Mumbai in 1984, as lecturer in Economics, from 1998 to 2004 he was the Controller of Examinations in the S.N.D.T. University and is credited with streamlining the functioning of the Examinations Department in the University on sound lines. Dr. Deshpande has participated and read research papers in various State, National and International Conferences on varied topics. The present book is based on his study for Ph.D Degree. The topics of his study, ‘ Garment Export industry of India during the pre and post Liberalization periods’ assumes great importance in view of the predictions of India emerging a major beneficiary after the phasing out of MFA Quota, post 2004.
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