Abstract

The caselet follows the progress of economic reforms in India. It discusses the attempts made by different governments to strengthen economic reforms in India. The caselet describes the stumbling blocks in the process of reforms and highlights the problems faced by different governments in implementing the reforms.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Economic reforms in India
• Role of Congress Party in initiating economic reforms
• The progress of economic reforms in India
• and Opposition to privatization

Keywords

Import licensing, economic reforms, foreign exchange reserves, license-permit-quota regime, World Bank, International Monetary Fund, United Front Coalition, foreign direct investments, hire-and-fire policies, privatization, public sector units