India: Overview Political Stablility India's well-established democratic system--the largest in the world--has provided its people with an unusual degree of political freedom and stability its emphasis on government intervention and public ownership. In 1991, a new government emerged which focused on stabilizing the economy , reforming trade, the financial sector, and public enterprises.. Initially, growth declined sharply in response to the contractionary fiscal and monetary policies adopted to address the crisis. But now it seems that this …
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…rights. References Country Commercial Guide: India, FY 1997. Bureau of Economic and Business Affairs, August 1996. Dushkin, "Student Atlas of Economic Development", 1997 The Economist, August 16, 1997. "India and Pakistan at 50: Happy Anniversary?" The Economist, August 16, 1997, "India's Next 50 Years". Trade Trends, published by Huntington National Banks U.S. Embassy New Delhi US Department of Commerce http://www.doc.gov Shapiro, A. "Multinational Financial Management, 1996 The Wall Street Journal, various publications of October, November 1997. World Bank http://www.worldbank.org/