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A Critical Analysis of the Structural Adjustments and Economic Reform in India

Author

Listed:
  • Dipak Basu

    (Dipak Basu is Professor in International Economics, Faculty of Economics, at Nagasaki University, Nagasaki, Japan. bose66@hotmail.com)

  • Victoria Miroshnik

    (Victoria Miroshnik is Associate Professor in Management at School of Business Administration, American University, Dubai, UAE. vmiroshnik1969@gmail.com)

Abstract

The analysis of the Indian economy, since the structural reform to dismantle the mixed economic planning and to establish market economy, is presented here with clear analysis regarding growth of the macro economy, the real economy and the social impacts in terms of employment. The picture was quite dismal until the short-term portfolio investments from abroad were introduced a few years ago. The recent upsurge of growth is thus the result of these short-term foreign investments.

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2013. "A Critical Analysis of the Structural Adjustments and Economic Reform in India," India Quarterly: A Journal of International Affairs, , vol. 69(2), pages 159-177, June.
    • Handle: RePEc:sae:indqtr:v:69:y:2013:i:2:p:159-177
    DOI: 10.1177/0974928413481884
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    References listed on IDEAS

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    4. David Dollar & Aart Kraay, 2004. "Trade, Growth, and Poverty," Economic Journal, Royal Economic Society, vol. 114(493), pages 22-49, February.
    5. Edwards, Sebastian, 1992. "Trade orientation, distortions and growth in developing countries," Journal of Development Economics, Elsevier, vol. 39(1), pages 31-57, July.
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