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Article: India's evolving economic model: a perspective on economic and financial reforms.
- Article from:
- The American Journal of Economics and Sociology
- Article date:
- January 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Blackwell Publishers Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I
Introduction
India's economy has been attracting attention from the Western press, diplomats and businesses since 1991. This is when Prime Minister Mr. P. V. Narasimha Rao inherited the mantle of the Congress Party following the tragic assassination of Prime Minister Rajiv Gandhi. Mr. Rao was a loyal long standing member of this, the political party of Mohandas Gandhi and Jawaharlal Nehru, which gained independence from Great Britain on August 15, 1947 and which has governed India for most of the 50 years since.
Mr. Rao is consolidating all the strengths of the Indian economic system to integrate India's economy with that of the rest of the world ...