intellectual, social, religious, political and economic.” LIBERALISATION IN ECONOMIC FIELD: Liberalisation in economic field or which can be called ‘ economic liberalism’ is the principle of giving freedom in economic field. In brief economic liberalisation means: (i) Open Competetion (ii) Free trade (iii) Privatization...
Economic liberalisation in India
From Wikipedia, the free encyclopedia
The economic liberalisation in India refers to ongoing economic reforms in India that started on 24 July 1991. After Independence in 1947, India adhered to socialist policies. Attempts were made to liberalize economy in...
financial sector assist the needs of development.
This is where financial liberalisation comes in; the purpose of this is to reverse all the negative facts of repression.
There are 3 crucial aspects of financial liberalisation, these are consisted of:
1. To allow the free flow of international finance...
PCMA Journal of Business
Globalization and Its Impact on Small Scale Industries in India
Vol. 1, No. 2 (June, 2009) pp. 135-146 ISSN 0974-9977
Sonia, Research Fellow, Department of Commerce, Punjabi University, Patiala(Punjab). Dr. Rajeev Kansal, Reader, Department of Commerce...
first Prime Minister of India, in his speech marking the Independence of India on 14 August 1947. These words still hold true today as India moves onto the global scene and is making its presence felt as an emerging economic power.
History Since Independence
1.2 When India achieved its independence...
disputes. It was developed at the same time as the International Trade Organization (ITO) was being established, and was established to boost trade liberalisation after WWII. The agreement was signed by 23 countries on January 1st 1948, and has created 123 agreements that cover 45000 tariffs items, amounting...
to the growth of Indian economy have been the subject matter of debate and discussion at home as well as abroad. After the process of economic liberalisation was initiated in mid-eighties, there has been a significant acceleration in the growth rate of Indian economy. The long standing barrier of the...
Impact of Globalization on Indian Agriculture
Introduction : The liberalisation of India’s economy was adopted by India in 1991. Facing a severe economic crisis, India approached the IMF for a loan, and the IMF granted what is called a ‘structural adjustment’ loan, which is a loan with certain conditions...
Wednesday March 14, 09:00 AM
FMCG: The Indian opportunity...
India is an important market for FMCG players. The Indian FMCG sector is the fourth largest sector in the economy with a total market size of around US$ 13.1 bn. During 1950's to 1980's, there was low investment...
The economic development in India followed socialist-inspired policies for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualised rate in the three decades after Independence. Since the mid-1980s, India has slowly opened up...
followed this trend in the early 1990s. During this period there also has been a widespread adoption of export-oriented development strategy and trade liberalisation (you will learn more about this in later part of this unit as well as in subsequent units of this Block) as a favoured path to development all...
has always been devoid of manufactured or industrial goods. Post liberalisation, imports dominated the Indian trade scene in the form of heavy machinery and information technology products and, thus, created an imbalance of trade.
India Trade: Exports
Indian trade was impacted by the global recession...
Trade In Modern India
By:- Tej Inder Pal Singh
MBA-CI & CW
Trade in modern India is at a historic juncture today. The rapid growth of this key element of the economy is of great interest to multiple stake-holders: consumers, manufacturers, employees, retailers and Government.
there are parties of a Marxist orientation which relies on class strategies as their basic outlook.
At the present juncture, in India, the twin processes of liberalisation and communalism are being utilized by the ruling classes to maintain their class rule and system. This has meant greater imperialist...
Head, Dept. of Economics, H.H. The Rajah’s College, Pudukkottai, Tamilnadu, India. Email: email@example.com ** Head, Dept. of Economics, Madurai Kamaraj University College, Madurai, Tamilnadu, India. Email: firstname.lastname@example.org
Electronic copy available at: http://ssrn.com/abstract=1415634
Agricultural Subsidies in India Boon or Curse
Rajwinder Kaur1 , Dr.Manisha Sharma2
1Researcher, Department of Economics, Punjabi University, Patiala (Punjab), India. E-mail:
2Assistant Professor, Department of Distance Education, Punjabi University, Patiala (Punjab), India. E-mail:
Abstract: A progressive...
experiences with trade liberalisation in the region.
The Indo-Sri Lanka bilateral FTA for instance, even within a short period of less than three years of implementation, has led to a lot of dynamism in the intra-regional investments. India-Sri Lanka FTA has brought down the trade surplus of India with the country...
ECONOMIC GROWTH IN INDIA
Lumbering Elephant or Running Tiger -- Deepak Nayyar
Is the India growth story over? The debate rages as pundits predict India’s growth rate between 5 and 6 percent in 2012-2013. From ‘Time’ magazine to news networks across the world, India’s crimping growth in recent years...
|Mumbai, February 20: The Reserve Bank of India (RBI) Deputy Governor Usha Thorat said the apex bank has been taking several monetary measures in the last few months |
|to contain inflation, which...
of P. V. Narasimha Rao and his finance minister Manmohan Singh started breakthrough reforms. They came with a revolutionizing reform ”Liberalisation”. Liberalisation implies liberating the trade & industry from unwanted government controls and restriction. The new policies included opening for international...
value-added services are significantly contributing to the country's gross domestic product (GDP). Services sector accounts for about 60 per cent of India - Asia's third largest economy. Some of India's top services exports are software, back-office support and banking services.
'Services' is a huge...
estimates that since World War II, 1.2 billion hectares – equivalent to about 10.5% of the world's agricultural land, or to the combined areas of China and India -- have been impaired as a consequence of human activity. The greatest damage has occurred in China (450 million hectares), followed by Africa (320...
the effects of trade liberalisation on economic growth, paying particular attention to the methodological problems of identifying this relationship.
Name: Khalid Zamani
1. Introduction 3
2. Empirical Evidence on trade liberalisation and economic growth...
the lessons learned about financial liberalisation from the last 15 years, comment on: “capital account liberalisation good or bad” making reference to India.
5. Explain how ‘uphill flows’ and ‘speculative attacks’ affect considerations about financial liberalisation for developing countries.
virtually gave a new direction and
sanctity to the multilateral trading system. Not only was the trade liberalisation agenda
expanded by the inclusion of agriculture and services, rules for trade liberalisation were also
developed and strengthened. Hence, unlike GATT which negotiated mainly cross-border
FDI in retail
India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers...
FOREIGN COLLABORATIONS IN INDIA
A Study of Patterns in the Pre and the Post- liberalisation Era
Prof. Krishna Kumar
Indian Institute of Management, Lucknow (India)
Developing countries like India have been using import of technology through foreign
collaboration as a strategy to bridge...
issues such a certificate that it strictly monitors and enforces standard and norms.
Organizations providing certification of standardization in India
1. Bureau of Indian Standard (BIS): This was earlier called Indian Standards Institution (ISI). It issues quality mark for industrial goods.
ECONOMIC REFORMS SINCE 1991
After forty years of planned development, India has been able to achieve a strong industrial base and became self-sufficient in the production of food grains. Nevertheless, a major segment of the population continues to depend on agriculture for its...
to the entire population of the United States—have escaped extreme poverty. The fruits of liberalisation reached their peak in 2007, when India recorded its highest GDP growth rate of 9%. With this, India became the second fastest growing major economy in the world, next only to China. An Organisation...