Policy changes in the wake of globalization and its impact on Indian industries
AbstractSerious budgetary and fiscal deficit of the government and perilous balance of payment crises occurred in 1991, which put India into a dangerous economic and financial chasm. Therefore in 1991 India was on the threshold of bankruptcy for international payments. Consequently series of reforms were undertaken with respect to industrial sector, trade and for financial sector, to make Indian economy more competent in 1991. The year 1991 witnessed the era of new regulatory, liberalized and globalized economic time in power. This paper discus the various policy changes in terms of the FDI, Foreign Exchange, Industrial Sector, Merger and Acquisition and Foreign Trade of in tune with globalization.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Policy Modeling.
Volume (Year): 34 (2012)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/inca/505735
Globalization; FDI; Industrial sector; Foreign trade;
Find related papers by JEL classification:
- E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
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