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.
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
How Far Has Indian Industry Travelled down the Deregulatory Road?
Related centers and programs
Discover our other research centers and programsFind out more
Discover all our analysesChina, technical standardization, and the future of globalization
As the global economy sits at a crossroad between connectivity-driven globalization and strategic decoupling, technical standardization provides a valuable measure of where we are headed.
Japan: Deciphering Prime Minister Ishiba’s Strategic Vision. Toward an Asian version of NATO?
On Tuesday, October 1, Shigeru Ishiba was sworn in as Prime Minister of Japan. His proposal to revise the security alliance with the United States and create an Asian version of the North Atlantic Treaty Organization (NATO) attracted attention and sparked lively debate.
Critical Raw Materials, Economic Statecraft and Europe's Dependence on China
As China tightens export controls on critical minerals, it is important to put Beijing's policies in perspective and analyse how Europe can respond.
China’s Mature Node Overcapacity: Unfounded Fears
China is decoupling from, not flooding, the global mature-node semiconductor market. As China increasingly pursues industrial policies encouraging domestic chip production, its own growing chip demand will prevent a direct flood of cheap Chinese chips on foreign shores. However, as Beijing achieves its goal of decreasing the reliance of domestic downstream manufacturers on foreign chips, European and American mature-node semiconductor companies will feel the ripple effects of an increasingly “involuted” Chinese chip ecosystem.