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The Long Path to Economic Liberalisation

In: Investing in India

Author

Listed:
  • Shanta Acharya

Abstract

In July 1991, the government started to liberalise the Indian economy by addressing the structural inefficiencies inherent in the economic environment for investment by focusing on trade and industrial policies, the financial sector, taxation and the public enterprises. India began a structural adjustment programme to bring about supply-side reforms to help improve conditions for investment and employment. This also aimed to enable the capital market to assume an integral role in the allocation of resources in the nation’s development. In less than six years, India has significantly altered its strategy for growth.

Suggested Citation

  • Shanta Acharya, 1998. "The Long Path to Economic Liberalisation," Palgrave Macmillan Books, in: Investing in India, chapter 1, pages 1-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37107-1_1
    DOI: 10.1057/9780230371071_1
    as

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