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Economic Policy Reforms and the Indian Economy - Chicago Scholarship Online
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Economic Policy Reforms and the Indian Economy

Anne O. Krueger


India is the second most populous country in the world and also one of the poorest. From the late 1940s to 1980, India's per capita income grew at an average annual rate of only two percent. Expansionist economic reforms during the 1980s boosted economic growth but also unfortunately resulted in high inflation and a balance of payments crisis. As a consequence, in 1991 the government announced sweeping new changes in economic policies. This book evaluates the effects of those changes and identifies areas of the Indian economy still in urgent need of reform. After an overview of Indian economic ... More

Keywords: India, economic reforms, economic growth, high inflation, Indian economic policies, Indian economy, private economic activity, education, small-scale industry, policy reform

Bibliographic Information

Print publication date: 2002 Print ISBN-13: 9780226454528
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226454542.001.0001


Affiliations are at time of print publication.

Anne O. Krueger, editor

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