The new industrial policy announced on July 24, 1991, marked a significant change in Indian economic environment due to the integration of the Indian economy with the world economy. Since then, investors have been showing their growing confidence in the immediate and medium-term prospects of the economy. Due to the increased inflows of FDI since 1990s, the sectoral composition has undergone a significant change. The main thrust of the paper is on the Indian industries which have been encouraged to be as competitive as possible in the globalized environment. The paper reviews the changing sectoral trends in India due to FDI inflows since liberalization, and examines the changed policy implications on sectoral growth and development of the Indian economy as a whole.
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Volume (Year): IV (2007) Issue (Month): 3 (August) Pages: 62-70 Download reference. The following formats are available: HTML
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Handle: RePEc:icf:icfjie:v:04:y:2007:i:3:p:62-70
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