Balance of Payment Statistics Reserve Bank of India (RBI) and Handbook of Statistics on Indian Economy, National Association …

The Indian economy has been experiencing a major transformation since 1990's in the wake of unilateral economic reforms … initiated since 1991 and the reorientation of the economy in accordance with the rules and regulations within the multilateral …

Adoption of NEP in 1990-91 was designed primarily to replace slowly growing closed Indian economy by rapidly growing … open economy. The study determines the degree of openness of Indian economy and the profile of time path traversed towards … this goal under NEP. The opening up of the closed economy is expected to have resulted in changes in magnitude, direction …