Resistance to Economic Reform in India
In spite of the hype in the international media about India’s global integration, economic reform there has been rather halting and hesitant. Cheerleaders of reform among corporate tycoons and financial columnists are often not aware how unpopular reform is, rightly or wrongly, among the general public in India. In the National Election Survey 2004 more than twothirds of about 23000 sample respondents (who had any opinion on the subject) say that the reforms benefit only the rich or none at all. Politicians are, of course, too savvy not to notice this. Even any of the ruling parties over the last decade which supported reforms played them down during election time. A party that initiates some reforms is quick to oppose them when out of power.
As developing countries seek to improve their economic prospects, electricity reform has been widely viewed as a central part of this effort. While the focus of most research to date has been at economy or utility level; there has been much less research on regional outcomes. India presents a unique case, as its states share a common economic and political system, whilst having been given consi...متن کامل
The paper elaborates on changing economic paradigms in India over the past six decades that finally led to structural adjustment in 1991. The paper investigates how economic reforms failed to resolve social challenges in India. From the mid-1960s, when Congress dominance in independent India was challenged for the first time economic crisis and political instability have been closely related, a...متن کامل
This paper provides a self-contained overview of the present problems of state finances in India. It begins with an overview of historical evolution and current institutional structures, including economic, political, administrative and fiscal aspects of India’s federal system. The paper then reviews the current situation of India’s state government finances, going on to consider various develo...متن کامل
Middle East countries have begun to implement economic reforms to stimulate private investment, promote economic growth and support the transition to market economy. Although, it is difficult to define the direct impact of the accounting system reform on economic transformation, as there are many other conditions that have influence on the transition process. However, with the central position ...متن کامل
Industrial sector plays a vital role in the development of Indian economy because they can solve the problems of general poverty, unemployment, backwardness, low production, low productivity and low standard of living etc. The Indian Government had undertaken policy reforms since 1980, but the most radical reforms have occurred since 1991, after the severe economic crisis in fiscal year 1990-91...متن کامل