How Far Has Indian Industry Travelled down the Deregulatory Road?
Since 1991 India's economic reform programme has set out to alter the production structure by increasing the role of markets in the economy, directly through privatisation, or by way of reduction in state investments and interventions, and indirectly through domestic deregulation and trade liberalisation. The overall effect of these measures have been to bring an end to India's relative economic isolation from the rest of the world economy. There is no doubt that there has been an increased degree of integration of the Indian economy with the global economy in the 1990s. This has led to a fundamental shift in Indian developmental strategy, away from Nehruvian socialism based on import-substitution industrialisation to an export-oriented industrialisation strategy.
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How Far Has Indian Industry Travelled down the Deregulatory Road?
Center for Asian Studies
Asia is a nerve center for multiple global economic, political and security challenges. The Center for Asian Studies provides documented expertise and a platform for discussion on Asian issues to accompany decision makers and explain and contextualize developments in the region for the sake of a larger public dialogue.
The Center's research is organized along two major axes: relations between Asia's major powers and the rest of the world; and internal economic and social dynamics of Asian countries. The Center's research focuses primarily on China, Japan, India, Taiwan and the Indo-Pacific, but also covers Southeast Asia, the Korean peninsula and the Pacific Islands.
The Centre for Asian Studies maintains close institutional links with counterpart research institutes in Europe and Asia, and its researchers regularly carry out fieldwork in the region.
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