Chapter

Reforms in Perspective: General Issues for India

Suresh D. Tendulkar and T.A. Bhavani

in Understanding Reforms

Published in print August 2012 | ISBN: 9780198085584
Published online September 2012 | e-ISBN: 9780199082087 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198085584.003.0009
Reforms in Perspective: General Issues for India

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The hesitant economic policy reforms of the 1980s and the wide-ranging systemic ones since 1991 have resulted in a remarkable transformation of the Indian economy from a slow-growing one to ranking among the top ten fastest growing economies in the world. This chapter reflects on certain general issues in the reform process in the light of experiences in India and other countries. It specifically deals with the role of external influences, reforming leaders, economic and political crises, and the all-important issue of ownership of reforms and consensus-building.

Keywords: economic reforms; economic growth; leadership; economic crisis; political crisis; coalition politics

Chapter.  9474 words. 

Subjects: Economic Development and Growth

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