A Juggernaut's First Steps? The Future Of Economic Reform In India
Recorded on April 15, 2003
The Heritage Foundation's Van Andel Center
After instituting a bold economic reform program in 1991, India
experienced robust growth throughout most of the 1990s before
losing momentum at the end of the decade. India has since posted
steady, if not spectacular, growth but Indians are right to be
disappointed at the untapped potential of their economy. Many
analysts believe that India will not be able to become the regional
economic powerhouse it aspires to be without a "second generation"
of reforms. New Delhi has taken some positive steps, lowering
agricultural subsidies and increasing the pace of privatization,
but continues to face major challenges including a cumbersome
budget deficit and a tangled tax system. Please join us as Dr. S.
Narayan offers his unique perspective on these and other issues
affecting the Indian economy.