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| Tekijä: | Fujita, N. |
| Otsikko: | Liberalization policies and productivity in India |
| Lehti: | Developing Economies
1994 : DEC, VOL. 32:4, p. 509-520 |
| Asiasana: | INDIA PRODUCTIVITY POLICY |
| Kieli: | eng |
| Tiivistelmä: | In India, the import-substitution strategy and five-year plans have been the cornerstone of development policies since 1947. However, from the view point of growth and efficiency, these policies have not necessarily been successful because too many regulations on the industry, trade and finance largely hindered the private sector's economic activities. As a result, the growth of GNP per capita during 1960 to 1979 was only 1.4 per cent. The main purpose of this paper is to evaluate the effectiveness of the liberalization policies in India. |
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