C h a p t e ronomi e orms
An important feature of India’s reform programme, when compared with
reforms underway in many other countries, is that it has emphasised gradualism
and evolutionary transition rather than rapid restructuring or ‘shock therapy’.
This gradualism has often been the subject of unfavourable comment by the more
impatient advocates of reform, both inside and outside the country.*
In This Chapter...
Economic Reforms Globalisation
Economic Reforms in India Generations of Economic Reforms
Liberalisation The Reform Approach
* Montek S. Ahluwalia Addressing at the inaugural session of the Seminar on ‘India’s Economic Reforms’, Merton College, Oxford
University, London, June 1993.