Manufacturing output grew 7%–8% annually since 1991, with a marked improvement in the variety and quality of goods produced. Yet, its share in gross domestic product has practically stagnated, with a...
25 Years Of Economic Liberalisation
Since 1991, there has been an acceleration of economic growth accompanied by a widening of the range of consumer goods produced, together with improvement in the quality of services available...
Even if adjustment and reform in 1991 were driven by economic compulsions, it was the political process that made these possible. However, liberalisation was shaped largely by the economic problems...
The “reforms” in 1991 laid out a new trajectory in which federalism was dichotomised into two parts—political and fiscal. The fiscal was privileged and used to undermine the political. Fiscal...
