Liberalisation in India

The process of economic reforms was initiated when the Government of Prime Minister Mr Narsimha Rao announced a new industrial policy in the Indian Parliament on July 24, 1991. The economic reforms programme, while welcomed by many, has also evoked apprehensions in the minds of the people. All political parties seem to have accepted the need for reforms, though differences persist as regards their spread and mode of implementation. There is a broad consensus that unless the gains of liberalisation and openness are widespread, their acceptability by the general public will be greatly reduced. This book contains views of a cross-section of eminent statesmen, economists, social scientists and administrators on the subject.