Enhancing Productivity, Efficiency and International Competitiveness of Indian Economy

International Journal of Management Research and Technology, Vol. 2, No. 1, pp. 33-45, June 2008

13 Pages Posted: 11 Nov 2008 Last revised: 7 May 2015

See all articles by Ravinder Rena

Ravinder Rena

Papua New Guinea University of Technology; Polytechnic of Namibia; University of the Western Cape; North-West University; Papua New Guinea University of Technology

Date Written: June 10, 2008

Abstract

Indian economy has been recording impressive growth rates since 1991. This can be partly attributed to the multi-sector structural reforms aimed at enhancing productivity, efficiency and international competitiveness of the economy. The reforms have been undertaken gradually with mutual consent and wider debate amongst the participants and in a sequential pattern that is reinforcing to the overall economy. The financial markets have developed and are more integrated after the reforms, and regulatory and supervisory institutions have been set-up. The reforms, though slow paced initially but well synchronized, have begun to yield results. The economy has recorded consistently high growth rates, avoided any adverse impact from the South East Asian crises, built substantial foreign exchange reserves, pre-paid some of its external debt and restructured its domestic debt. An attempt is made in this paper to figure out the challenges and threats that lie ahead in Indian economy. The study also raises a number of questions that need further analysis to enable us to understand better the continuing and likely impact of the economic reforms in India.

Keywords: Indian Economy, Trends and Issues, Poverty, Agriculture, Economic Reforms

JEL Classification: E21, J24, O10, Q18

Suggested Citation

Rena, Ravinder, Enhancing Productivity, Efficiency and International Competitiveness of Indian Economy (June 10, 2008). International Journal of Management Research and Technology, Vol. 2, No. 1, pp. 33-45, June 2008. Available at SSRN: https://ssrn.com/abstract=1298732

Ravinder Rena (Contact Author)

Papua New Guinea University of Technology ( email )

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Polytechnic of Namibia ( email )

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University of the Western Cape ( email )

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North-West University ( email )

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Potchefstroom, 2520
South Africa

HOME PAGE: http://www.nwu.ac.za

Papua New Guinea University of Technology ( email )

Private Mail Bag 411
Lae, Morobe 411
Papua New Guinea

HOME PAGE: http://www.unitech.ac.pg

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