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Business & Marketing
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Topic:

India case study Business & Marketing Essay Research Paper (Essay Sample)

Instructions:

Please answer the question below
It is stated that India starting in 1991 undertook reforms in three pillars: privatization, liberalization, and globalization; from your understanding of the case, assigned readings, and other research, briefly describe what is meant by these three “pillars”.

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India’s Case Study
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India’s Case Study
In 1991, India’s economic fortunes took an upward trajectory when it adopted new economic policies as was proposed by the International Banks. These agencies needed India to loosen restrictions on trade carried out by the private sectors and between itself and other nations. India agreed to the conditions of lending agencies and established New Economic Policies that comprised of multiple reforms. These reforms can be grouped into two: the structural reforms and the stabilization measures.
There were short term stabilization measures that were adopted to rectify the inherent weaknesses that developed in the BOP. Also, there were long term struc

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