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Browse Articles by "Economics"
Title: A Perspective on the Management of Economic Reforms in India
Authors: Manu R Shroff
Issue/Year: Apr-1995
Section: Perspectives
Abstract: All has not gone well with the bold and wide-ranging initiatives that were taken in the area of economic policy reforms introduced in India in mid-1991. Of course, there are clearly several pluses that the reforms can boost of. However, in the years 93-94, some retrograde steps were taken, particularly on the fiscal front, which have raised doubts on the capacity of the government to carry conviction with different sections of the society about the success of reforms. What went wrong? To find an answer to this question, Manu R Shroff looks at three possible areas of failure, namely, neglect of institutional reforms, speed and sequence of measures, and inadequate political management and communication.
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