The explicit adoption of a neoliberal reform programme in mid-1991 by the Indian government was the start of a period of intensive economic liberalization and changed attitudes towards government intervention in the economy. This book surveys the actual experience of the last decade to argue that this strategy has not just failed to deliver sustained growth, but has had damaging consequences from the point of view of employment, poverty alleviation and equity. It covers a wide range of areas, including fiscal and monetary policy, privatization and the experience with foreign direct investment, and analyses the political economy of the reform process.
Publisher: LeftWord Books
Year: 2017
Language: English
Pages: 210
City: Delhi
Cover
Title Page
Copyright Page
Dedication
Contents
List of Tables and Charts
Preface
1. The Background to Neoliberal Reform
2. The Recovery of the 1980s
3. The Contours of Neoliberal Reform
4. The Political Economy of Reform
5. Post-Reform Growth Performance
6. Sectoral Growth Patterns in the 1990s
7. Fiscal Policy Under the Reform
8. The Disinvestment Experience
9. Financial Liberalization and Monetary Policy
10. The External Sector
11. FDI and the Balance of Payments
12. Trends in Employment
13. Poverty and Food Security
14. Redefining Reform
References
Index
