Armour, John; Lele, Priya - ESRC Centre for Business Research - 2008
The process of liberalisation of India's economy since 1991 has brought with it considerable development both of its … determinants of investor protection are political, rather than legal. We use the case of India to test these theories. We find … little support for the idea that India's legal heritage as a common law country has been influential in speeding the path of …