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Eight Lectures on India's Economic Reforms$
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T. N. Srinivasan

Print publication date: 2000

Print ISBN-13: 9780195652826

Published to Oxford Scholarship Online: October 2012

DOI: 10.1093/acprof:oso/9780195652826.001.0001

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Postscript

Postscript

Chapter:
(p.81) Postscript
Source:
Eight Lectures on India's Economic Reforms
Author(s):

T.N. Srinivasan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195652826.003.0009

This chapter highlights the omission of a discussion on the politics or political economy of reforms in India. It explains that political economy is a very important factor to the success of any reform agenda. It argues that a reform agenda not based on political realities is a recipe for frustration and stresses the importance of visionary political leadership mobilizing the people and convincing them that reforms are in their interest. It proposes issues that should be considered by India's political leaders in the millennium rounds of multilateral trade negotiations. These include elimination of high tariffs, new agreements on foreign direct investment, and liberalization of movement of natural persons.

Keywords:   political economy, reforms, India, political leadership, multilateral trade negotiations, high tariffs, foreign direct investment, liberalization

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