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Journal cover: Journal of Economic Studies

Journal of Economic Studies

ISSN: 0144-3585

Online from: 1974

Subject Area: Economics

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India’s economic policy reforms: a review

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Title:India’s economic policy reforms: a review
Author(s):Prathivadi Bhayankaram Anand, (University of Bradford, Bradford, UK)
Citation:Prathivadi Bhayankaram Anand, (1999) "India’s economic policy reforms: a review", Journal of Economic Studies, Vol. 26 Iss: 3, pp.241 - 257
Keywords:Development, Economics, India, Policy
Article type:Literature review
DOI:10.1108/01443589910284417 (Permanent URL)
Publisher:MCB UP Ltd
Abstract:India embarked on economic reforms in July 1991, in the wake of a balance of payments crisis. In this article, an attempt is made to review two books and a set of World Bank reports concerning the progress of these reforms. Issues concerning economic policy, impact of the reforms on poverty, sectoral issues relating to agriculture, industry and infrastructure are briefly discussed. As reforms enter a more difficult phase, several challenges remain. Some of these fall under the “economic agenda” of measures needed to maintain economic growth; others can be termed the “development agenda” – of improving human development. Progress with regard to the former is not sufficient to produce results concerning the latter.

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