Indian Economic Policy

Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. India is the second most populous country in the world and also one of the poorest. From the late 1940s to 1980, India's per capita income grew at an average annual rate of only two percent. The set of new economic policies initiated by the government of India stated in July 1991 has been a major breakthrough in the policy initiatives in the country. The policies have been designed to meet the precarious financial needs. Bringing together the leading figures in the discussion on India's economic policy, this valuable book is the authoritative critical study of India's New Economic Policy. The book will be a must for all students, teachers and people related to economics, commerce and financial studies.