IDEAS home Printed from https://ideas.repec.org/a/sae/indqtr/v69y2013i2p159-177.html
   My bibliography  Save this article

A Critical Analysis of the Structural Adjustments and Economic Reform in India

Author

Listed:
  • Dipak Basu

    (Dipak Basu is Professor in International Economics, Faculty of Economics, at Nagasaki University, Nagasaki, Japan. bose66@hotmail.com)

  • Victoria Miroshnik

    (Victoria Miroshnik is Associate Professor in Management at School of Business Administration, American University, Dubai, UAE. vmiroshnik1969@gmail.com)

Abstract

The analysis of the Indian economy, since the structural reform to dismantle the mixed economic planning and to establish market economy, is presented here with clear analysis regarding growth of the macro economy, the real economy and the social impacts in terms of employment. The picture was quite dismal until the short-term portfolio investments from abroad were introduced a few years ago. The recent upsurge of growth is thus the result of these short-term foreign investments.

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2013. "A Critical Analysis of the Structural Adjustments and Economic Reform in India," India Quarterly: A Journal of International Affairs, , vol. 69(2), pages 159-177, June.
    • Handle: RePEc:sae:indqtr:v:69:y:2013:i:2:p:159-177
    DOI: 10.1177/0974928413481884
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0974928413481884
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0974928413481884?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sanjaya Acharya, 2015. "Trade Liberalization," Palgrave Macmillan Books, in: Jens Hölscher & Horst Tomann (ed.), Palgrave Dictionary of Emerging Markets and Transition Economics, chapter 20, pages 393-412, Palgrave Macmillan.
    2. World Bank, 2000. "India : Reducing Poverty, Accelerating Development," World Bank Publications - Books, The World Bank Group, number 15185.
    3. T. N. Srinivasan & Jagdish Bhagwati, 2001. "Outward-Orientation and Development: Are Revisionists Right?," Palgrave Macmillan Books, in: Deepak Lal & Richard H. Snape (ed.), Trade, Development and Political Economy, chapter 1, pages 3-26, Palgrave Macmillan.
    4. David Dollar & Aart Kraay, 2004. "Trade, Growth, and Poverty," Economic Journal, Royal Economic Society, vol. 114(493), pages 22-49, February.
    5. Edwards, Sebastian, 1992. "Trade orientation, distortions and growth in developing countries," Journal of Development Economics, Elsevier, vol. 39(1), pages 31-57, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rahman, Tauhidur & Mittelhammer, Ronald C., 2006. "Measuring the Impact of Globalization on the Well-being of the Poor: Methodology and an Application to Africa," 2006 Annual meeting, July 23-26, Long Beach, CA 21100, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. B. Bhaskara Rao & Rup Singh, 2010. "Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model," Applied Economics, Taylor & Francis Journals, vol. 42(29), pages 3693-3702.
    3. Rhys Jenkins, 2005. "Globalization, Production and Poverty," WIDER Working Paper Series RP2005-40, World Institute for Development Economic Research (UNU-WIDER).
    4. Rhys Jenkins, 2004. "Globalization, production, employment and poverty: debates and evidence," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(1), pages 1-12.
    5. Wei, Shang-Jin & Wu, Yi, 2001. "Globalization and Inequality: Evidence from within China," CEPR Discussion Papers 3088, C.E.P.R. Discussion Papers.
    6. Francisco Rodríguez, 2006. "Openness and Growth: What Have We Learned?," Wesleyan Economics Working Papers 2006-011, Wesleyan University, Department of Economics.
    7. Miet Maertens & Liesbeth Colen & Johan F. M. Swinnen, 2011. "Globalisation and poverty in Senegal: a worst case scenario?," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 38(1), pages 31-54, March.
    8. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4039-4214, Elsevier.
    9. Hyeon‐Seung Huh & Cyn‐Young Park, 2021. "A new index of globalisation: Measuring impacts of integration on economic growth and income inequality," The World Economy, Wiley Blackwell, vol. 44(2), pages 409-443, February.
    10. Dawood Mamoon, 2015. "How May International Trade affect Poverty in a Developing Country Setup? The Inequality Channel," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(5), pages 230-244, May.
    11. Nilanjan Banik, 2009. "Trade and Social Development: The case of Asia," Working Papers 6809, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    12. Ricardo A. López, 2005. "Trade and Growth: Reconciling the Macroeconomic and Microeconomic Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 19(4), pages 623-648, September.
    13. Naranpanawa, Athula & Bandara, Jayatilleke S. & Selvanathan, Saroja, 2011. "Trade and poverty nexus: A case study of Sri Lanka," Journal of Policy Modeling, Elsevier, vol. 33(2), pages 328-346, March.
    14. Arvind Panagariya, 2003. "Alternative Approaches to Measuring the Cost of Protection," International Trade 0308002, University Library of Munich, Germany.
    15. Tommaso Nannicini & Andreas Billmeier, 2011. "Economies in Transition: How Important Is Trade Openness for Growth?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(3), pages 287-314, June.
    16. L. G. Burange & Rucha R. Ranadive & Neha N. Karnik, 2019. "Trade Openness and Economic Growth Nexus: A Case Study of BRICS," Foreign Trade Review, , vol. 54(1), pages 1-15, February.
    17. Niclas Berggren & Henrik Jordahl, 2005. "Does free trade really reduce growth? Further testing using the economic freedom index," Public Choice, Springer, vol. 122(1), pages 99-114, January.
    18. Shahbaz, Muhammad, 2012. "Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan," Economic Modelling, Elsevier, vol. 29(6), pages 2325-2339.
    19. Dawood MAMOON, 2017. "Agriculture or industry: Rice or garments: Ex-post and ex-ante analysis of Pakistan’s falling competitiveness in its main export items," Journal of Economics Bibliography, KSP Journals, vol. 4(3), pages 249-255, September.
    20. Robert Mullings & Aruneema Mahabir, 2016. "Growth by Destination: The Role of Trade in Africa’s Recent Growth Episode," NBS Discussion Papers in Economics 2016/01, Economics, Nottingham Business School, Nottingham Trent University.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:indqtr:v:69:y:2013:i:2:p:159-177. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.