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Understanding ReformsPost-1991 India$
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Suresh Tendulkar and T.A. Bhavani

Print publication date: 2012

Print ISBN-13: 9780198085584

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198085584.001.0001

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Reforms in Perspective: General Issues for India

Reforms in Perspective: General Issues for India

(p.153) 9 Reforms in Perspective: General Issues for India
Understanding Reforms

Suresh D. Tendulkar

T.A. Bhavani

Oxford University Press

The hesitant economic policy reforms of the 1980s and the wide-ranging systemic ones since 1991 have resulted in a remarkable transformation of the Indian economy from a slow-growing one to ranking among the top ten fastest growing economies in the world. This chapter reflects on certain general issues in the reform process in the light of experiences in India and other countries. It specifically deals with the role of external influences, reforming leaders, economic and political crises, and the all-important issue of ownership of reforms and consensus-building.

Keywords:   economic reforms, economic growth, leadership, economic crisis, political crisis, coalition politics

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