O'Reilly logo

Business Environment, 2nd Edition by Shaikh Saleem

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Preface

India’s economic policies during the pre-liberalisation era were characterised by strong centralised planning, government ownership of basic and key industries, excessive regulation and control of private enterprise, trade protectionism through tariff and non-tariff barriers, and a cautious and selective approach towards foreign investment and MNCs, dependent on regime-guided and bureaucracy-controlled quotas, permits and licenses.

During early 1980s, these inward looking economic policies began to be widely questioned. Policy makers started realizing the drawbacks of this strategy, which curbed competitiveness and efficiency, produced a much lower rate of growth than expected and led to inferior-quality, highcost domestic production. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required