Chapter

The Indian Economy in Global Context

Edited by Anne O. Krueger and Sajjid Chinoy

in Economic Policy Reforms and the Indian Economy

Published by University of Chicago Press

Published in print July 2002 | ISBN: 9780226454528
Published online February 2013 | e-ISBN: 9780226454542 | DOI: http://dx.doi.org/10.7208/chicago/9780226454542.003.0002
The Indian Economy in Global Context

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This chapter reports a brief overview of Indian economic policies and development over the period since independence. Indian export growth was dull when the world economy was expanding rapidly in the 1950s and 1960s. Overall economic growth was sharply decreased during the balance-of-payments crisis of 1966–67. There was a vital enhancement in access to schooling. The stabilization aspects of policy in 1991 bore short-term success. As of 2000, it was clear that the Indian economy had changed markedly over the post-crisis years. Quite clearly, the reforms to date have ameliorated the functioning of the economy and permitted a higher rate of economic growth than was regarded as attainable on a sustainable basis in earlier decades. All of the reforms presented will enhance Indian economic performance and growth.

Keywords: Indian economic policies; Indian export growth; economic growth; balance-of-payments crisis; schooling; Indian economy; Indian economic performance

Chapter.  17510 words. 

Subjects: International Economics

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