In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

The industrial environment in India from 1947 to 1980 was characterized by strong centralized planning, government ownership of basic and key industries, excessive regulation and control of private enterprise, trade protectionism-through tariff and non-tariff barriers-and a cautious and selective approach towards foreign capital. It was a quota, permit, and license regime guided and controlled by a bureaucracy trained in colonial style. The level of protection offered to Indian industry, by way of qualitative import restrictions and tariffs, was unreasonably high, leading to high costs of production and inadequate technological dynamism. This so-called inward-looking, import-substitution strategy of economic development began to be widely questioned at the beginning of the 1980s. Policy makers realized the drawbacks of this strategy, which inhibited competitiveness and efficiency and produced a much lower rate of growth than expected. Progress was made towards economic liberalization in 1985 when the government announced a series of measures aimed at the deregulation and liberalisation of the industry. These measures, described as the New Economic Policy, were followed by drastic changes introduced by the 1991 Industrial Policy Statement of the Government. As a result of the economic reforms of the last 25 years, India is presently one of the world's fastest growing economies. This book traces developments in different fields of industrialization in India during the post-Independence period. Also included is an analysis of the post-1991 key reform measures undertaken for making Indian industry internationally competitive, as well as an examination of the current issues pertaining to this vital sector of the Indian economy. [Subject: Business & Economics, India Studies, Economic History, Trade]

Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of moder

This bibliography lists the most important works published in economics in 1993. Renowned for its international coverage and rigorous selection procedures, the IBSS provides researchers and librarians with the most comprehensive and scholarly bibliographic service available in the social sciences. The IBSS is compiled by the British Library of Political and Economic Science at the London School of Economics, one of the world's leading social science institutions. Published annually, the IBSS is available in four subject areas: anthropology, economics, political science and sociology.

Thanks to the recent realization that small and micro enterprises have the potential to generate more productive employment opportunities in the nationl economy.Such studies assume importance mainly in the context of changing goverment policies towards this sector.This book reviews the union govermentpolicy towards rural industries.The primary survey has been restricted to a limited sample drawn from the metal enterprises in Kerala state.

First Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.