INDIAN DEVELOPMENT SINCE THE MACROECONOMIC REFORMS OF 1990
DOI:
https://doi.org/10.22456/2178-8839.18323Keywords:
India, Macroeconomic Reforms, Trade Liberalization, FDI, Economic GrowthAbstract
The article analyzes the Indian political construction under British domination, during the imperialism, and the macroeconomic reforms that have occurred in India, especially since 1990, highlighting the major modifications conducted by Indira Gandhi and her successor, Rajiv Gandhi, in India’s economic policies since the 1980’s. Based on that analysis, this study concludes that the Indian economic ascension in the 21st century is a product of the set of reforms initiated in the 80s, with the objective of increasing economic liberalization, trade liberalization and foreign direct investment (FDI) in the country. Finally, it demonstrates the need for continuity and improvement of these changes so that India achieves a socio-economic growth and a sustainable industrial development.
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