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India: Her Tryst with Globalization

In: India, China and Globalization

Author

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  • Piya Mahtaney

Abstract

1991 was the beginning of a new phase for India, a profound one from the standpoint of changing prevalent attitudes towards, and in the realm of, the commercial establishment. In no uncertain terms, economic imperatives could not be shackled by the confines of a mildly socialist framework and regimented government control. India’s partially closed markets had to be opened to the external economy. This meant that competitiveness would be at the centre-stage of business and economic priorities and it was the ability, or the lack of it, that would determine the survival of most enterprises in the ambit of manufacturing and services.

Suggested Citation

  • Piya Mahtaney, 2007. "India: Her Tryst with Globalization," Palgrave Macmillan Books, in: India, China and Globalization, chapter 3, pages 18-29, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59154-7_4
    DOI: 10.1057/9780230591547_4
    as

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