In recent times, some initiatives to liberalize the financial sector have been taken; some more measures need to be taken. In this monograph, the author discusses several measures to make the financial sector improve the economic performance of the country. These liberalization measures must bo...

The package of economic reforms initiated by the new PV Narashima Rao government, is likely to generate a strong tendency towards dispersal of power. However, whether this tendency will grow and mature, will depend upon what supportive reforms, both political and economic, are taken by the...

In this paper an attempt has been made to highlight the various implications of the New Economic Policy on the Indian Corporate Sector. Some of these implications are discussed in detail including widespread competition and internationalization. Next the author discusses the various...

Economic and political commentators in India have repeatedly noted their concern about the recent slow-down in the Indian economy. Several recent papers have provided evidence that increase in the economic policy uncertainty (EPU) has played a significant role in the slow-down and the increase...

The new economic policy was introduced in 1991. A short review of the changes it has effected in foreign collaborations, foreign trade and public sector divestment is given. This is contrasted with the QR (Quantitative Restrictions) policy formerly adopted by India for 40 years. This enables one...

This paper is divided into two sections. The first section deals with the Foreign Direct Investment (FDI). It gives a brief overview of the dependencia theories of the 1960s and the OS response to them. This is followed by a brief on IMF Fund Adjustment Program which is viewed as unilateral...