In a country like India, which has an enormous amount of investment in public sector enterprises, the reforms under liberalisation have largely been focused in the direction of selective privatisation, gradual removal of state monopoly in key financial areas such as banking and insurance, and the removal of restrictions on imports from the developed countries. With India signing the WTO accord it became inevitable that the economy would be opened up in several ways, particularly in the area of tax reforms, lowering of tariff barriers and disinvestment of selective public sector industries. The present publication attempts to profile the process of liberalisation and the accompanying agenda of economic reforms designed to take the Indian economy into a new era of development with a human face. The book will be of immense use of students and research scholars, as also economists, planners and policy makers.
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