Liberalisation in India

The process of economic reforms was initiated when the Governmentof Prime Minister Mr Narsimha Rao announced a new industrial policyin the Indian Parliament on July 24, 1991. The economic reformsprogramme, while welcomed by many, has also evoked apprehensions inthe minds of the people. All political parties seem to haveaccepted the need for reforms, though differences persist asregards their spread and mode of implementation. There is a broadconsensus that unless the gains of liberalisation and openness arewidespread, their acceptability by the general public will begreatly reduced. This book contains views of a cross-section ofeminent statesmen, economists, social scientists and administratorson the subject.